Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT Raised to C$21.00 at TD Securities

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price lifted by investment analysts at TD Securities from C$19.50 to C$21.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 21.39% from the stock’s current price.

A number of other brokerages have also issued reports on MI.UN. National Bankshares boosted their price target 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 research note on Monday, January 29th. Desjardins raised their target price on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a “buy” rating in a report on Friday. Scotiabank boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.25 and gave the stock a “sector perform” rating in a research report on Friday. BMO Capital Markets dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.50 to C$17.00 in a report on Monday, November 13th. Finally, Laurentian lifted their price target on shares of Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a research report on Monday, January 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.10.

Minto Apartment Real Estate Invt Trust Stock Performance

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

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.