BMO Capital Markets Lowers Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$15.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target reduced by investment analysts at BMO Capital Markets from C$15.50 to C$15.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 14.85% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Raymond James decreased their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a report on Monday, January 13th. 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. Finally, CIBC lowered their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$17.98.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of TSE:MI.UN opened at C$13.06 on Thursday. The business has a fifty day moving average price of C$13.18 and a 200-day moving average price of C$14.52. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. The company has a market capitalization of C$521.36 million, a PE ratio of -14.67 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.63 and a 1-year high of C$17.37.

About Minto Apartment Real Estate Invt Trust

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, Montreal, Ottawa and Calgary.