Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT Lowered to C$20.25

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective lowered by stock analysts at Raymond James from C$21.25 to C$20.25 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 34.19% from the company’s previous close.

MI.UN has been the subject of several other research reports. National Bankshares reduced their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.75 and set an “outperform” rating for the company in a report on Wednesday. Desjardins lifted their price objective 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 report on Friday, March 8th. CIBC lifted their price objective 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 report on Friday, March 8th. Royal Bank of Canada lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the company an “outperform” rating in a report on Friday, March 8th. Finally, BMO Capital Markets lifted their price objective 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 report on Monday, March 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$19.98.

Minto Apartment Real Estate Invt Trust Trading Down 0.1 %

Shares of Minto Apartment Real Estate Invt Trust stock opened at C$15.09 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. The firm has a fifty day moving average price of C$16.16 and a 200 day moving average price of C$15.55. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.81 and a 1 year high of C$17.89. The stock has a market cap of C$602.09 million, a PE ratio of -5.17 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.