Brokerages Set Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target at C$24.00

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Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$24.00.

Several analysts have recently weighed in on MI.UN shares. CIBC increased their price target on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$23.00 in a research note on Wednesday, August 14th. Royal Bank of Canada increased their price target 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. National Bank Financial increased their price target on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.50 and gave the company a “sector perform” rating in a research note on Thursday, August 15th. TD Securities increased their price target on shares of Minto Apartment Real Estate Invt Trust from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, BMO Capital Markets increased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$22.50 to C$23.50 in a research report on Friday, August 16th.

Shares of Minto Apartment Real Estate Invt Trust stock traded up C$0.53 during mid-day trading on Thursday, hitting C$23.72. The stock had a trading volume of 93,993 shares. The firm has a 50-day moving average of C$22.76 and a two-hundred day moving average of C$20.47. Minto Apartment Real Estate Invt Trust has a 12-month low of C$16.01 and a 12-month high of C$23.77. The company has a quick ratio of 0.06, a current ratio of 0.39 and a debt-to-equity ratio of 146.90. The firm has a market cap of $585.22 million and a P/E ratio of 5.21.

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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