Minto Apartment Real Estate Invt Trust (MI.UN) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Minto Apartment Real Estate Invt Trust (TSE: MI.UN):

  • 8/16/2019 – Minto Apartment Real Estate Invt Trust had its price target raised by analysts at BMO Capital Markets from C$22.50 to C$23.50.
  • 8/15/2019 – Minto Apartment Real Estate Invt Trust had its price target raised by analysts at National Bank Financial from C$21.00 to C$22.50. They now have a “sector perform” rating on the stock.
  • 8/14/2019 – Minto Apartment Real Estate Invt Trust had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a C$22.00 price target on the stock.
  • 8/14/2019 – Minto Apartment Real Estate Invt Trust was upgraded by analysts at Industrial Alliance Securities from a “buy” rating to a “strong-buy” rating. They now have a C$25.00 price target on the stock, up previously from C$22.00.
  • 8/14/2019 – Minto Apartment Real Estate Invt Trust had its price target raised by analysts at Royal Bank of Canada from C$21.50 to C$23.50. They now have an “outperform” rating on the stock.
  • 8/14/2019 – Minto Apartment Real Estate Invt Trust had its price target raised by analysts at TD Securities from C$24.00 to C$25.00. They now have a “buy” rating on the stock.
  • 8/14/2019 – Minto Apartment Real Estate Invt Trust had its price target raised by analysts at CIBC from C$22.00 to C$23.00.
  • 7/15/2019 – Minto Apartment Real Estate Invt Trust was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating.

Minto Apartment Real Estate Invt Trust stock traded up C$0.12 during mid-day trading on Wednesday, reaching C$22.84. The stock had a trading volume of 18,377 shares. The company has a debt-to-equity ratio of 256.87, a current ratio of 0.39 and a quick ratio of 0.06. Minto Apartment Real Estate Invt Trust has a one year low of C$16.01 and a one year high of C$22.80. The company has a market capitalization of $459.15 million and a price-to-earnings ratio of 5.01. The company has a 50-day moving average price of C$20.14 and a two-hundred day moving average price of C$19.61.

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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