Mint Apartment Real Estate Investment Trust (TSE: MI.UN – Get Rating) Raymond James lowered his price target to C$22.00 from C$26.00 in a research report released Thursday, according to BayStreet.CA. They currently have a strong buy valuation for the stock.
Other analysts have also recently published reports on the company. Scotiabank lowered Minto Apartment Real Estate Invt Trust’s target price from C$23.00 to C$20.50 in a research report on Thursday. National Bankshares raised its price target on Minto Apartment Real Estate Invt Trust to C$17.50 from C$16.25, outperforming the stock in Thursday’s report. The Royal Bank of Canada lowered its target price for Minto Apartment Real Estate Invt Trust from C$29.00 to C$25.50 in a report on Thursday, May 5th, outperforming the company. CIBC lowered Minto Apartment Real Estate Invt Trust’s target price from C$23.00 to C$22.00, beating the company in Thursday’s report. Finally, TD Securities lowered Minto Apartment Real Estate Invt Trust’s price target from C$28.00 to C$27.00 and set a buy rating for the company in its report on Thursday, May 5th. One analyst rated the stock with a hold rating, five issued buy ratings, and one analyst gave the company’s stock a strong buy rating. According to MarketBeat.com, the company’s current average rating is buy, with an average target price of C$24.18.
Minto Apartment Real Estate Invt Trust Stock Up 0.1 %
MI.UN opened Thursday at C$15.53. His 50-day moving average for this business is C$15.07 and his 200-day moving average is C$18.56. The company has an equity ratio of 87.95, a quick ratio of 0.03 and a current ratio of 0.55. The company has a market capitalization of C$563.35 million and a price/earnings ratio of 4.14. His one-year low at the Minto Apartment Real Estate Invt Trust is $13.94 CAD and his one-year high is $24.57 CAD.
About Mint Apartment Real Estate Investment Trust
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Mint Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust incorporated pursuant to the Declaration of Trust under the Laws of Ontario to develop income-generating multifamily residences located in the Canadian urban market. owns The REIT owns a portfolio of high-quality, income-generating multifamily rental properties located in Toronto, Ottawa, Calgary and Edmonton.
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