Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Cut to C$18.75 by Analysts at Scotiabank

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price reduced by Scotiabank from C$19.25 to C$18.75 in a research report released on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other brokerages also recently issued reports on MI.UN. National Bankshares lifted their price objective on Minto Apartment Real Estate Invt Trust from C$19.25 to C$20.00 and gave the stock an outperform rating in a research report on Friday, March 8th. Cormark lifted their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a research report on Friday, March 15th. BMO Capital Markets lifted their price objective on Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the stock an outperform rating in a research report on Monday, March 11th. Laurentian boosted their price target on Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a report on Monday, January 22nd. Finally, TD Securities boosted their price target on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a buy rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Minto Apartment Real Estate Invt Trust has a consensus rating of Moderate Buy and a consensus price target of C$20.27.

Minto Apartment Real Estate Invt Trust Trading Up 0.1 %

Shares of Minto Apartment Real Estate Invt Trust stock opened at C$15.85 on Monday. The company has a debt-to-equity ratio of 107.96, a current ratio of 1.16 and a quick ratio of 0.04. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.81 and a 1 year high of C$17.89. The company has a market capitalization of C$632.42 million, a P/E ratio of -5.43 and a beta of 1.18. The business has a 50 day moving average price of C$16.67 and a 200 day moving average price of C$15.32.

Minto Apartment Real Estate Invt Trust Company Profile

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.