Minto Apartment Real Estate Invt Trust’s (MI.UN) Outperform Rating Reaffirmed at Raymond James

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Raymond James reaffirmed their outperform rating on shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) in a research report report published on Friday, BayStreet.CA reports. They currently have a C$25.00 price target on the stock.

Other research analysts have also recently issued reports about the stock. TD Securities boosted their price target on shares of Minto Apartment Real Estate Invt Trust from C$24.00 to C$25.00 and gave the stock a buy rating in a report on Wednesday, August 14th. BMO Capital Markets boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.50 to C$23.50 in a research note on Friday, August 16th. 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 research note on Wednesday, August 14th. CIBC boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$23.00 to C$24.50 in a research note on Wednesday. Finally, Royal Bank of Canada boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$23.50 to C$24.00 and gave the company an outperform rating in a research note on Thursday, September 26th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Minto Apartment Real Estate Invt Trust currently has a consensus rating of Buy and an average target price of C$24.50.

Minto Apartment Real Estate Invt Trust stock traded up C$0.03 during midday trading on Friday, hitting C$22.40. 126,995 shares of the stock were exchanged. Minto Apartment Real Estate Invt Trust has a 52-week low of C$16.61 and a 52-week high of C$24.03. The stock has a market capitalization of $552.66 million and a price-to-earnings ratio of 4.92. The business’s 50-day moving average price is C$22.67 and its 200-day moving average price is C$20.67. The company has a quick ratio of 0.06, a current ratio of 0.39 and a debt-to-equity ratio of 146.90.

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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Analyst Recommendations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN)

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