Raymond James 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 target decreased by Raymond James from C$17.25 to C$16.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 22.51% from the stock’s previous close.

Several other equities research analysts also recently weighed in on MI.UN. Royal Bank of Canada decreased their target price on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating for the company in a research report on Friday. Desjardins decreased their target price on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating for the company in a research report on Friday. BMO Capital Markets decreased their target price on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday. Scotiabank reduced their price target on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th. Finally, National Bankshares reduced their price target 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 report on Friday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.75.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of TSE MI.UN opened at C$13.06 on Friday. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.63 and a 1-year high of C$17.37. The business has a 50-day moving average of C$13.17 and a 200-day moving average of C$14.51. 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 price-to-earnings ratio of -14.67 and a beta of 1.23.

Minto Apartment Real Estate Invt Trust Company Profile

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.