CIBC Lowers Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$20.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target decreased by analysts at CIBC from C$21.00 to C$20.00 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 41.34% from the company’s previous close.

Several other equities research analysts have also recently issued reports on MI.UN. TD Securities lifted 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. BMO Capital Markets decreased their price target on Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research note on Monday, October 28th. Royal Bank of Canada decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research report on Thursday, August 15th. Scotiabank dropped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday. Finally, National Bankshares boosted their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Minto Apartment Real Estate Invt Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.68.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of TSE MI.UN opened at C$14.15 on Thursday. The business’s 50 day moving average price is C$15.65 and its 200 day moving average price is C$15.51. The firm has a market cap of C$564.87 million, a P/E ratio of -15.90 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 52 week low of C$13.69 and a 52 week high of C$17.89. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09.

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.