Scotiabank Forecasts Strong Price Appreciation for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price raised by investment analysts at Scotiabank from C$14.75 to C$18.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 3.15% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James Financial upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the company a “market perform” rating in a research note on Tuesday. CIBC downgraded shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from C$17.00 to C$18.00 in a research note on Tuesday. National Bankshares raised their price objective on Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, TD Securities decreased their price objective 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 report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Minto Apartment Real Estate Invt Trust currently has a consensus rating of “Hold” and an average target price of C$17.06.

Minto Apartment Real Estate Invt Trust Stock Performance

TSE:MI.UN opened at C$17.45 on Tuesday. The company has a market capitalization of C$639.25 million, a price-to-earnings ratio of 9.34 and a beta of 1.00. The business has a 50 day moving average of C$13.65 and a 200 day moving average of C$13.81. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. Minto Apartment Real Estate Invt Trust has a 1-year low of C$11.94 and a 1-year high of C$17.47.

More 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.