Minto Apartment Real Estate Invt Trust (TSE:MI.UN) was upgraded by stock analysts at Industrial Alliance Securities from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a C$25.00 price objective on the stock, up from their prior price objective of C$22.00. Industrial Alliance Securities’ target price would indicate a potential upside of 16.28% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$22.75 to C$22.50 in a report on Monday, April 22nd. National Bank Financial set a C$21.00 price objective on shares of Minto Apartment Real Estate Invt Trust and gave the stock a “sector perform” rating in a report on Tuesday, April 16th. CIBC raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a report on Thursday, May 9th. Finally, Raymond James raised shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “strong-buy” rating in a report on Monday, July 15th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$23.14.

Shares of TSE:MI.UN traded up C$0.32 during midday trading on Wednesday, reaching C$21.50. 67,333 shares of the company’s stock were exchanged. The business has a 50 day moving average price of C$19.65. The stock has a market cap of $459.15 million and a price-to-earnings ratio of 4.72. Minto Apartment Real Estate Invt Trust has a 12 month low of C$16.01 and a 12 month high of C$20.72. The company has a debt-to-equity ratio of 256.87, a current ratio of 0.39 and a quick ratio of 0.06.

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, Ottawa, Calgary and Edmonton.

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Analyst Recommendations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN)

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