Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given New C$23.00 Price Target at CIBC

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target hoisted by CIBC from C$22.00 to C$23.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

Several other research analysts also recently weighed in on MI.UN. TD Securities upped their price target on Minto Apartment Real Estate Invt Trust from C$24.00 to C$25.00 and gave the stock a buy rating in a research note on Wednesday. National Bank Financial set a C$21.00 price target on Minto Apartment Real Estate Invt Trust and gave the stock a sector perform rating in a research note on Tuesday, April 16th. BMO Capital Markets dropped their price target on Minto Apartment Real Estate Invt Trust from C$22.75 to C$22.50 in a research note on Monday, April 22nd. Industrial Alliance Securities upgraded Minto Apartment Real Estate Invt Trust from a buy rating to a strong-buy rating and upped their price target for the stock from C$22.00 to C$25.00 in a research note on Wednesday. Finally, Raymond James upgraded Minto Apartment Real Estate Invt Trust from an outperform rating to a strong-buy rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of C$23.14.

Minto Apartment Real Estate Invt Trust stock traded up C$0.62 during midday trading on Wednesday, hitting C$21.80. The stock had a trading volume of 95,502 shares. The stock has a fifty day moving average of C$19.69. The stock has a market capitalization of $459.15 million and a P/E ratio of 4.78. Minto Apartment Real Estate Invt Trust has a 52-week low of C$16.01 and a 52-week high of C$20.72. The company has a quick ratio of 0.06, a current ratio of 0.39 and a debt-to-equity ratio of 256.87.



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, Ottawa, Calgary and Edmonton.

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