National Bankshares 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 lowered by National Bankshares from C$17.00 to C$16.75 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 28.25% from the stock’s current price.

MI.UN has been the subject of a number of other research reports. Raymond James decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a report on Monday, January 13th. BMO Capital Markets decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a report on Thursday. Scotiabank reduced their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday, November 14th. Finally, CIBC reduced their target price 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.75.

Minto Apartment Real Estate Invt Trust Stock Performance

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