TD Securities Raises Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$21.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective raised by research analysts at TD Securities from C$20.00 to C$21.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 35.92% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Cormark lifted their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a research report on Friday, March 15th. Scotiabank decreased their price objective on Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a “sector perform” rating on the stock in a report on Monday, March 25th. CIBC lifted their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Desjardins lifted their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a “buy” rating in a research note on Friday, March 8th. Finally, Royal Bank of Canada upped their price objective on Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the stock an “outperform” rating in a report on Friday, March 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Minto Apartment Real Estate Invt Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.07.

Minto Apartment Real Estate Invt Trust Stock Performance

MI.UN stock traded up C$0.30 during trading on Thursday, reaching C$15.45. 66,450 shares of the stock were exchanged, compared to its average volume of 85,842. Minto Apartment Real Estate Invt Trust has a twelve month low of C$12.81 and a twelve month high of C$17.89. The company has a market capitalization of C$616.46 million, a P/E ratio of -5.29 and a beta of 1.17. The stock has a 50 day simple moving average of C$15.76 and a 200-day simple moving average of C$15.63. The company has a current ratio of 1.16, a quick ratio of 0.04 and a debt-to-equity ratio of 107.96.

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.