Desjardins Has Lowered Expectations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective cut by investment analysts at Desjardins from C$16.50 to C$15.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 18.68% from the company’s previous close.

A number of other research firms also recently commented on MI.UN. Raymond James lowered their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research report on Monday, January 13th. BMO Capital Markets lowered their target price on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday. CIBC lowered their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. Scotiabank lowered their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. Finally, National Bankshares lowered their target price on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Minto Apartment Real Estate Invt Trust presently has an average rating of “Moderate Buy” and a consensus price target of C$17.75.

Minto Apartment Real Estate Invt Trust Stock Up 0.4 %

TSE MI.UN opened at C$13.06 on Friday. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. The company has a market capitalization of C$521.36 million, a P/E ratio of -14.67 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a one year low of C$12.63 and a one year high of C$17.37. The stock has a 50 day moving average price of C$13.17 and a 200-day moving average price of C$14.51.

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.