Raymond James Financial 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 target boosted by analysts at Raymond James Financial from C$14.25 to C$18.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 3.51% from the company’s current price.

A number of other analysts also recently weighed in on the company. National Bankshares boosted their target price on Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Tuesday. TD Securities lowered 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 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 company presently has a consensus rating of “Hold” and an average price target of C$17.06.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of MI.UN traded up C$0.09 during midday trading on Tuesday, reaching C$17.39. The stock had a trading volume of 539,888 shares, compared to its average volume of 1,300,804. The company’s 50-day moving average is C$13.50 and its 200 day moving average is C$13.76. Minto Apartment Real Estate Invt Trust has a 12-month low of C$11.94 and a 12-month high of C$17.39. 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 company has a market capitalization of C$637.05 million, a price-to-earnings ratio of 9.30 and a beta of 1.00.

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.