Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Raised to C$18.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target boosted by Scotiabank from C$14.75 to C$18.00 in a report published on Tuesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

MI.UN has been the topic of a number of other reports. Raymond James Financial lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the company a “market perform” rating in a research note on Tuesday. TD Securities decreased their price objective on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, December 12th. National Bankshares increased their price target on Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Tuesday. Finally, CIBC downgraded shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from C$17.00 to C$18.00 in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Minto Apartment Real Estate Invt Trust currently has an average rating of “Hold” and a consensus target price of C$17.06.

Minto Apartment Real Estate Invt Trust Price Performance

MI.UN stock opened at C$17.51 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The company has a market capitalization of C$641.44 million, a P/E ratio of 9.37 and a beta of 1.00. The business has a 50 day simple moving average of C$13.73 and a 200-day simple moving average of C$13.84. Minto Apartment Real Estate Invt Trust has a twelve month low of C$11.94 and a twelve month high of C$17.54.

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, Montreal, Ottawa, Calgary and Vancouver.