Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Raised to C$22.50

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Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective boosted by National Bank Financial from C$21.00 to C$22.50 in a research note published on Thursday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

MI.UN has been the subject of a number of other reports. Raymond James restated a strong-buy rating and issued a C$22.00 target price on shares of Minto Apartment Real Estate Invt Trust in a report on Wednesday, August 14th. CIBC boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$23.00 in a report on Wednesday, August 14th. Royal Bank of Canada boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.50 to C$23.50 and gave the company an outperform rating in a report on Wednesday, August 14th. BMO Capital Markets lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.75 to C$22.50 in a report on Monday, April 22nd. Finally, Industrial Alliance Securities upgraded shares of Minto Apartment Real Estate Invt Trust from a buy rating to a strong-buy rating and boosted their target price for the company from C$22.00 to C$25.00 in a report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Minto Apartment Real Estate Invt Trust has a consensus rating of Buy and a consensus price target of C$23.50.

TSE:MI.UN opened at C$22.50 on Thursday. The firm has a 50 day simple moving average of C$19.84 and a 200-day simple moving average of C$19.55. 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 firm has a market cap of $459.15 million and a PE ratio of 4.94. Minto Apartment Real Estate Invt Trust has a 1-year low of C$16.01 and a 1-year high of C$22.80.

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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