Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Raised to C$20.00 at Canaccord Genuity Group

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective raised by Canaccord Genuity Group from C$18.50 to C$20.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 15.61% from the company’s previous close.

Several other analysts have also commented on the stock. National Bankshares raised their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$20.00 and gave the company an “outperform” rating in a research report on Friday. Laurentian increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a research note on Monday, January 22nd. Desjardins lifted their price target on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a “buy” rating in a research note on Friday. TD Securities increased their price target on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Scotiabank raised their price objective on Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.25 and gave the company a “sector perform” rating in a report on Friday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$20.10.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE MI.UN traded up C$0.17 during midday trading on Friday, reaching C$17.30. 111,000 shares of the stock were exchanged, compared to its average volume of 72,747. The company has a quick ratio of 0.04, a current ratio of 1.08 and a debt-to-equity ratio of 100.91. The firm has a market cap of C$690.27 million, a price-to-earnings ratio of -9.61 and a beta of 1.19. The firm has a 50-day simple moving average of C$16.58 and a two-hundred day simple moving average of C$14.99. Minto Apartment Real Estate Invt Trust has a twelve month low of C$12.81 and a twelve month high of C$17.89.

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.