Raymond James upgraded shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) from an outperform rating to a strong-buy rating in a research note released on Monday morning, BayStreet.CA reports.
A number of other brokerages also recently issued reports on MI.UN. CIBC upgraded Crescent Point Energy from a neutral rating to a sector outperform rating in a report on Thursday, May 9th. Royal Bank of Canada reiterated a sell rating on shares of Deutsche Bank in a report on Friday, March 22nd. TD Securities downgraded Superior Gold from a buy rating to a hold rating and cut their price target for the company from C$1.15 to C$0.80 in a report on Thursday, March 21st. BMO Capital Markets set a $44.00 price target on Schlumberger and gave the company a hold rating in a report on Monday, April 22nd. Finally, National Bank Financial lifted their price target on Akumin from C$5.25 to C$6.00 and gave the company an outperform rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Minto Apartment Real Estate Invt Trust has an average rating of Buy and a consensus target price of C$22.00.
Shares of TSE:MI.UN opened at C$19.67 on Monday. Minto Apartment Real Estate Invt Trust has a 12-month low of C$16.01 and a 12-month high of C$20.58. The firm has a fifty day moving average of C$19.45. The stock has a market cap of $459.15 million and a P/E ratio of 4.32. The company has a debt-to-equity ratio of 256.87, a current ratio of 0.39 and a quick ratio of 0.06.
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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