Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Lowered to C$17.25 at Raymond James

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target reduced by Raymond James from C$19.00 to C$17.25 in a research report released on Monday,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on the company. National Bankshares increased their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a report on Wednesday, October 9th. CIBC lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research note on Thursday, November 14th. BMO Capital Markets cut their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research report on Thursday, November 14th. Finally, Scotiabank reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$19.52.

Minto Apartment Real Estate Invt Trust Stock Down 1.2 %

Shares of TSE MI.UN opened at C$12.82 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The business has a 50-day moving average of C$13.81 and a 200-day moving average of C$15.17. The firm has a market capitalization of C$511.77 million, a price-to-earnings ratio of -14.40 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 12 month low of C$12.81 and a 12 month high of C$17.89.

About Minto Apartment Real Estate Invt Trust

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.