National Bankshares Boosts Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$18.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective increased by analysts at National Bankshares from C$15.00 to C$18.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 3.15% from the stock’s previous close.

Separately, TD Securities reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating for the company in a report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$17.06.

Minto Apartment Real Estate Invt Trust Trading Up 0.2%

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

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

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, Montreal, Ottawa, Calgary and Vancouver.