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 target price hoisted by 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 34.28% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada lowered their price target on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research report on Thursday, August 15th. Scotiabank reduced their price objective on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday. National Bankshares boosted their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. CIBC reduced 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. Finally, TD Securities lifted their price target on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Performance

Minto Apartment Real Estate Invt Trust stock opened at C$14.15 on Thursday. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$13.69 and a fifty-two week high of C$17.89. 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 stock has a market cap of C$564.87 million, a P/E ratio of -15.90 and a beta of 1.23. The firm’s fifty day moving average price is C$15.65 and its 200-day moving average price is C$15.51.

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.