Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given New C$18.75 Price Target at National Bankshares

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective reduced by National Bankshares from C$20.00 to C$18.75 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

MI.UN has been the topic of a number of other research reports. Desjardins lifted 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. Scotiabank lowered their price target on Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a sector perform rating on the stock in a report on Monday, March 25th. Cormark lifted their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a report on Friday, March 15th. BMO Capital Markets lifted their price target on Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the company an outperform rating in a report on Monday, March 11th. Finally, TD Securities lifted 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 analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of C$19.98.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of MI.UN stock opened at C$14.90 on Wednesday. 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 current ratio of 1.16, a quick ratio of 0.04 and a debt-to-equity ratio of 107.96. The company has a market capitalization of C$594.51 million, a price-to-earnings ratio of -5.10 and a beta of 1.18. The stock’s fifty day simple moving average is C$16.12 and its 200-day simple moving average is C$15.54.

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.