Scotiabank Lowers Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$18.75

Minto Apartment Real Estate Invt Trust (TSE:MI.UNGet Free Report) had its price target lowered by research analysts at Scotiabank from C$19.25 to C$18.75 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 19.35% from the stock’s current price.

MI.UN has been the subject of several other research reports. Laurentian increased their price target on Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a report on Monday, January 22nd. Raymond James upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$20.25 to C$21.25 and gave the company an “outperform” rating in a report on Friday, March 8th. Cormark boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a report on Friday, March 15th. CIBC raised their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. Finally, TD Securities upped their price objective on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a “buy” rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$20.27.

Check Out Our Latest Stock Analysis on MI.UN

Minto Apartment Real Estate Invt Trust Stock Down 1.0 %

Shares of TSE MI.UN opened at C$15.71 on Monday. Minto Apartment Real Estate Invt Trust has a 52-week low of C$12.81 and a 52-week high of C$17.89. The company has a quick ratio of 0.04, a current ratio of 1.16 and a debt-to-equity ratio of 107.96. The company’s 50-day simple moving average is C$16.69 and its 200-day simple moving average is C$15.32. The firm has a market cap of C$626.83 million, a price-to-earnings ratio of -5.38 and a beta of 1.18.

Minto Apartment Real Estate Invt Trust Company Profile

(Get Free Report)

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.

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