BMO Capital Markets 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 BMO Capital Markets from C$18.50 to C$18.00 in a research note published on Thursday morning,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the stock. Scotiabank decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday. National Bankshares boosted their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. CIBC cut their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday. Raymond James raised their price objective on Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a research note on Thursday. Finally, Royal Bank of Canada lowered their target price on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research report on Thursday, August 15th. 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 stock presently has an average rating of “Moderate Buy” and an average price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Down 0.1 %

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 PE ratio of -15.90 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 12-month low of C$13.69 and a 12-month high of C$17.89. The firm’s fifty day moving average is C$15.65 and its 200 day moving average is C$15.53. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09.

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.