Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Expected to Rise, Raymond James Analyst Says

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target upped by investment analysts at Raymond James from C$18.75 to C$19.00 in a note issued to investors on Thursday,BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 33.05% from the company’s current price.

Several other equities research analysts have also issued reports on MI.UN. TD Securities boosted their price target on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a report on Thursday, August 15th. CIBC dropped their price target on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday. BMO Capital Markets decreased their price objective on Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a report on Monday, October 28th. Royal Bank of Canada dropped their target price on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a report on Thursday, August 15th. Finally, National Bankshares boosted their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN traded up C$0.17 during trading on Thursday, hitting C$14.28. 39,667 shares of the stock were exchanged, compared to its average volume of 90,731. The company’s fifty day simple moving average is C$15.74 and its 200-day simple moving average is C$15.53. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. The company has a market capitalization of C$570.06 million, a price-to-earnings ratio of -16.04 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 1-year low of C$13.69 and a 1-year high of C$17.89.

Minto Apartment Real Estate Invt Trust Company Profile

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.