Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT Raised to C$23.50

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target raised by Royal Bank of Canada from C$21.50 to C$23.50 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently issued reports on MI.UN. TD Securities boosted their price target on shares of Minto Apartment Real Estate Invt Trust from C$24.00 to C$25.00 and gave the company a buy rating in a report on Wednesday. BMO Capital Markets reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$22.75 to C$22.50 in a report on Monday, April 22nd. CIBC 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, May 9th. Industrial Alliance Securities raised shares of Minto Apartment Real Estate Invt Trust from a buy rating to a strong-buy rating and boosted their price target for the company from C$22.00 to C$25.00 in a report on Wednesday. Finally, National Bank Financial set a C$21.00 price objective on shares of Minto Apartment Real Estate Invt Trust and gave the stock a sector perform rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Minto Apartment Real Estate Invt Trust currently has an average rating of Buy and an average target price of C$23.50.

Shares of MI.UN opened at C$22.50 on Wednesday. Minto Apartment Real Estate Invt Trust has a 1 year low of C$16.01 and a 1 year high of C$22.80. The company has a market cap of $459.15 million and a price-to-earnings ratio of 4.94. The company has a debt-to-equity ratio of 256.87, a quick ratio of 0.06 and a current ratio of 0.39. The firm has a fifty day moving average of C$19.84 and a 200-day moving average of C$19.55.

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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