Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Raised to C$21.00 at Desjardins

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target upped by equities researchers at Desjardins from C$19.50 to C$21.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 21.39% from the company’s previous close.

Several other equities research analysts also recently issued reports on MI.UN. Laurentian upped their price target on Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a report on Monday, January 22nd. Scotiabank raised their target price 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 research report on Friday. BMO Capital Markets cut their price target on shares of Minto Apartment Real Estate Invt Trust from C$17.50 to C$17.00 in a report on Monday, November 13th. National Bankshares raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$15.75 to C$19.25 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, Raymond James upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$20.25 and gave the company an “outperform” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Minto Apartment Real Estate Invt Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$20.10.

Minto Apartment Real Estate Invt Trust Stock Up 1.0 %

Shares of MI.UN traded up C$0.17 on Friday, reaching C$17.30. The company’s stock had a trading volume of 111,000 shares, compared to its average volume of 72,747. The stock has a market capitalization of C$690.27 million, a PE ratio of -9.61 and a beta of 1.19. The company has a current ratio of 1.08, a quick ratio of 0.04 and a debt-to-equity ratio of 100.91. Minto Apartment Real Estate Invt Trust has a twelve month low of C$12.81 and a twelve month high of C$17.89. The firm has a fifty day moving average of C$16.58 and a 200-day moving average of C$14.99.

About Minto Apartment Real Estate Invt Trust

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.