BMO Capital Markets Lowers Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$18.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective decreased by BMO Capital Markets from C$18.50 to C$18.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 27.21% from the company’s current price.

Several other research analysts also recently weighed in on MI.UN. Royal Bank of Canada dropped their price target on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research note on Thursday, August 15th. National Bankshares raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. TD Securities boosted their price target 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. Scotiabank dropped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday. Finally, CIBC cut their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$19.68.

Minto Apartment Real Estate Invt Trust Price Performance

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

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.