Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Upgraded by Industrial Alliance Securities to “Strong-Buy”

Industrial Alliance Securities upgraded shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) from a buy rating to a strong-buy rating in a research note released on Wednesday, BayStreet.CA reports. The brokerage currently has C$25.00 price objective on the stock, up from their prior price objective of C$22.00.

MI.UN has been the topic of a number of other reports. Raymond James raised shares of Minto Apartment Real Estate Invt Trust from an outperform rating to a strong-buy rating in a research note on Monday, July 15th. CIBC raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, May 9th. BMO Capital Markets reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$22.75 to C$22.50 in a research note on Monday, April 22nd. Finally, National Bank Financial set a C$21.00 price objective on shares of Minto Apartment Real Estate Invt Trust and gave the company a sector perform rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of C$23.14.

Shares of MI.UN traded up C$0.62 during mid-day trading on Wednesday, hitting C$21.80. 95,502 shares of the company traded hands. Minto Apartment Real Estate Invt Trust has a one year low of C$16.01 and a one year high of C$20.72. The company has a debt-to-equity ratio of 256.87, a current ratio of 0.39 and a quick ratio of 0.06. The business has a 50-day simple moving average of C$19.69. The stock has a market capitalization of $459.15 million and a PE ratio of 4.78.

Minto Apartment Real Estate Invt Trust Company Profile

Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in urban markets in Canada. The REIT owns a portfolio of high-quality income-producing multi-residential rental properties located in Toronto, Ottawa, Calgary and Edmonton.

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Analyst Recommendations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN)

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