Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Lowered to C$17.25 at Raymond James

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target cut by Raymond James from C$19.00 to C$17.25 in a report released on Monday,BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. National Bankshares upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a report on Wednesday, October 9th. Scotiabank decreased their price objective on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th. BMO Capital Markets reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research report on Thursday, November 14th. Finally, CIBC lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.52.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of MI.UN opened at C$13.12 on Monday. The firm has a market cap of C$523.75 million, a PE ratio of -14.74 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 52-week low of C$12.80 and a 52-week high of C$17.89. The business’s 50 day moving average price is C$13.79 and its two-hundred day moving average price is C$15.16. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11.

About Minto Apartment Real Estate Invt Trust

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.