Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT Set at C$28.00 by Raymond James

Minto Apartment Real Estate Invt Trust (TSE:MI.UNGet Rating) has been given a C$28.00 price objective by stock analysts at Raymond James in a report released on Tuesday, BayStreet.CA reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price objective would suggest a potential upside of 39.10% from the stock’s current price.

MI.UN has been the topic of a number of other reports. National Bankshares restated a “buy” rating and issued a C$26.25 target price on shares of Minto Apartment Real Estate Invt Trust in a research note on Monday, January 17th. Canaccord Genuity Group raised their price objective on Minto Apartment Real Estate Invt Trust from C$26.50 to C$28.50 in a report on Thursday, March 10th. CIBC lowered their target price on Minto Apartment Real Estate Invt Trust from C$27.00 to C$26.50 in a report on Thursday, March 10th. BMO Capital Markets increased their price target on Minto Apartment Real Estate Invt Trust from C$28.50 to C$29.00 in a research report on Thursday, March 10th. Finally, Scotiabank decreased their price objective on Minto Apartment Real Estate Invt Trust from C$24.75 to C$24.50 in a report on Tuesday, April 12th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Minto Apartment Real Estate Invt Trust has a consensus rating of “Buy” and an average price target of C$27.25.

Shares of TSE MI.UN traded up C$0.23 during mid-day trading on Tuesday, reaching C$20.13. The company had a trading volume of 116,036 shares, compared to its average volume of 123,201. The stock has a market cap of C$730.22 million and a price-to-earnings ratio of 8.57. Minto Apartment Real Estate Invt Trust has a 52 week low of C$19.79 and a 52 week high of C$25.41. The business’s 50-day moving average is C$21.31 and its 200-day moving average is C$21.92. The company has a current ratio of 0.44, a quick ratio of 0.03 and a debt-to-equity ratio of 88.69.

About Minto Apartment Real Estate Invt Trust (Get Rating)

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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