Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Raised to C$24.50 at CIBC

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price boosted by CIBC from C$23.00 to C$24.50 in a research report released on Wednesday morning, BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. Raymond James lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$25.00 and gave the stock a strong-buy rating in a research report on Monday, August 26th. Royal Bank of Canada lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$23.50 to C$24.00 and gave the stock an outperform rating in a research report on Thursday, September 26th. National Bank Financial reissued a sector perform rating and set a C$22.50 target price on shares of Minto Apartment Real Estate Invt Trust in a report on Friday, October 11th. TD Securities lifted their target price on Minto Apartment Real Estate Invt Trust from C$24.00 to C$25.00 and gave the stock a buy rating in a report on Wednesday, August 14th. Finally, BMO Capital Markets lifted their target price on Minto Apartment Real Estate Invt Trust from C$22.50 to C$23.50 in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of C$24.50.

MI.UN stock traded down C$0.02 during midday trading on Wednesday, reaching C$22.37. 78,068 shares of the company were exchanged. The company has a debt-to-equity ratio of 146.90, a current ratio of 0.39 and a quick ratio of 0.06. The business has a 50-day moving average price of C$22.69 and a two-hundred day moving average price of C$20.65. Minto Apartment Real Estate Invt Trust has a one year low of C$16.61 and a one year high of C$24.03. The firm has a market capitalization of $551.42 million and a price-to-earnings ratio of 4.91.

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.

See Also: Net Asset Value

Analyst Recommendations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN)

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