Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price lifted by TD Securities from C$22.00 to C$23.00 in a report released on Thursday, March 21st, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 17.59% from the stock’s previous close.
MI.UN has been the subject of several other research reports. CIBC boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 in a research report on Thursday, March 21st. National Bank Financial boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 12th. Finally, Raymond James boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$21.50.
Shares of TSE:MI.UN traded down C$0.05 during midday trading on Thursday, reaching C$19.56. 118,898 shares of the company’s stock traded hands.
Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, intends to own and operate a portfolio of income-producing multi-residential rental properties located in Canada. It focuses on acquiring interests in a portfolio of 22 multi-residential rental properties comprising an aggregate of 4,279 suites, located in Toronto, Ottawa, Calgary, and Edmonton.
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