Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price raised by Raymond James Financial from C$14.25 to C$18.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 3.15% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. National Bankshares upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a report on Tuesday. TD Securities lowered their price target on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, December 12th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$17.06.

Minto Apartment Real Estate Invt Trust Stock Performance

TSE MI.UN opened at C$17.45 on Tuesday. The firm has a market capitalization of C$639.25 million, a P/E ratio of 9.34 and a beta of 1.00. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The firm’s fifty day moving average price is C$13.65 and its two-hundred day moving average price is C$13.81. Minto Apartment Real Estate Invt Trust has a 1 year low of C$11.94 and a 1 year high of C$17.47.

Key Minto Apartment Real Estate Invt Trust News

Here are the key news stories impacting Minto Apartment Real Estate Invt Trust this week:

• Positive Sentiment: Multiple firms raised their price targets to C$18.00 (Raymond James, National Bankshares, Scotiabank), which signals modest upside and provides support for the stock. BayStreet.CA TickerReport
• Neutral Sentiment: Broker consensus sits at an average “Hold,” indicating mixed analyst views and limited immediate catalytic upside from consensus recommendations. AmericanBankingNews
• Negative Sentiment: Canaccord and CIBC lowered their ratings (Canaccord: buy→hold; CIBC: outperform→neutral) despite also moving targets toward C$18.00 — the rating cuts reduce conviction and can cap the stock’s upside even with higher targets. BayStreet.CA

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, Montreal, Ottawa, Calgary and Vancouver.