Raymond James Trims Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Target Price to C$22.00



Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Rating) had its price target cut by Raymond James from C$26.00 to C$22.00 in a research report published on Thursday, BayStreet.CA reports. They currently have a strong-buy rating on the stock.

Other analysts also recently issued reports about the company. Scotiabank decreased their target price on Minto Apartment Real Estate Invt Trust from C$23.00 to C$20.50 in a research report on Thursday. National Bankshares boosted their price target on Minto Apartment Real Estate Invt Trust from C$16.25 to C$17.50 and gave the stock an outperform rating in a report on Thursday. Royal Bank of Canada cut their price target on Minto Apartment Real Estate Invt Trust from C$29.00 to C$25.50 and set an outperform rating for the company in a report on Thursday, May 5th. CIBC cut their price target on Minto Apartment Real Estate Invt Trust from C$23.00 to C$22.00 and set an outperform rating for the company in a report on Thursday. Finally, TD Securities cut their price target on Minto Apartment Real Estate Invt Trust from C$28.00 to C$27.00 and set a buy rating for the company in a report on Thursday, May 5th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Buy and an average target price of C$24.18.

Minto Apartment Real Estate Invt Trust Stock Up 0.1 %

MI.UN opened at C$15.53 on Thursday. The business’s fifty day moving average is C$15.07 and its two-hundred day moving average is C$18.56. The company has a debt-to-equity ratio of 87.95, a quick ratio of 0.03 and a current ratio of 0.55. The company has a market cap of C$563.35 million and a price-to-earnings ratio of 4.14. Minto Apartment Real Estate Invt Trust has a one year low of C$13.94 and a one year high of C$24.57.

About Minto Apartment Real Estate Invt Trust

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Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established to open 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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