Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Rating Upgraded by Industrial Alliance Securities

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) was upgraded by research analysts at Industrial Alliance Securities from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a C$25.00 price objective on the stock, up from their previous price objective of C$22.00. Industrial Alliance Securities’ target price suggests a potential upside of 16.28% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. National Bank Financial set a C$21.00 price target on shares of Minto Apartment Real Estate Invt Trust and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. Raymond James raised shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “strong-buy” rating in a research report on Monday, July 15th. BMO Capital Markets lowered their price target on shares of Minto Apartment Real Estate Invt Trust from C$22.75 to C$22.50 in a research report on Monday, April 22nd. Finally, CIBC upped their price target on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Minto Apartment Real Estate Invt Trust currently has a consensus rating of “Buy” and a consensus target price of C$23.14.

Shares of MI.UN traded up C$0.32 during mid-day trading on Wednesday, hitting C$21.50. The company’s stock had a trading volume of 67,333 shares. The company has a 50-day moving average price of C$19.65. 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 market cap of $459.15 million and a price-to-earnings ratio of 4.72. The company has a quick ratio of 0.06, a current ratio of 0.39 and a debt-to-equity ratio of 256.87.

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.

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

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