BMO Capital Markets Lowers Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$18.50

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target reduced by BMO Capital Markets from C$19.00 to C$18.50 in a research report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 25.76% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada decreased their target price on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research note on Thursday, August 15th. National Bankshares raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. Raymond James lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research note on Thursday, August 15th. Finally, TD Securities increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, August 15th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$19.98.

Minto Apartment Real Estate Invt Trust Price Performance

Minto Apartment Real Estate Invt Trust stock opened at C$14.71 on Monday. The stock’s 50 day moving average is C$16.24 and its 200 day moving average is C$15.59. Minto Apartment Real Estate Invt Trust has a one year low of C$12.95 and a one year high of C$17.89. The firm has a market cap of C$587.22 million, a P/E ratio of -16.53 and a beta of 1.23. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04.

Minto Apartment Real Estate Invt Trust Company Profile

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.