Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Cut to C$20.25

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective decreased by Raymond James from C$21.25 to C$20.25 in a research note published on Wednesday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Desjardins raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a buy rating in a research note on Friday, March 8th. BMO Capital Markets raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the company an outperform rating in a research note on Monday, March 11th. Canaccord Genuity Group raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.00 and gave the company a buy rating in a research note on Friday, March 8th. CIBC raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the company an outperform rating in a research note on Friday, March 8th. Finally, Scotiabank decreased their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a sector perform rating for the company in a research note on Monday, March 25th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of C$19.98.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of MI.UN opened at C$14.90 on Wednesday. The company has a debt-to-equity ratio of 107.96, a current ratio of 1.16 and a quick ratio of 0.04. Minto Apartment Real Estate Invt Trust has a one year low of C$12.81 and a one year high of C$17.89. The company has a 50-day simple moving average of C$16.12 and a two-hundred day simple moving average of C$15.54. The firm has a market capitalization of C$594.51 million, a PE ratio of -5.10 and a beta of 1.18.

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, Ottawa, Calgary and Edmonton.