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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective lowered by research analysts at National Bankshares from C$20.00 to C$18.75 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 24.25% from the stock’s current price.

Several other research firms have also issued reports on MI.UN. Canaccord Genuity Group upped their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.00 and gave the company a “buy” rating in a research report on Friday, March 8th. BMO Capital Markets upped their price target on Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, March 11th. CIBC upped their price target on Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Cormark increased their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a research report on Friday, March 15th. Finally, Raymond James increased their target price on Minto Apartment Real Estate Invt Trust from C$20.25 to C$21.25 and gave the stock an “outperform” rating in a research report on Friday, March 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$19.98.

Minto Apartment Real Estate Invt Trust Stock Down 0.1 %

TSE MI.UN opened at C$15.09 on Wednesday. The business has a 50 day moving average price of C$16.16 and a two-hundred day moving average price of C$15.55. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$12.81 and a fifty-two week 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. The company has a quick ratio of 0.04, a current ratio of 1.16 and a debt-to-equity ratio of 107.96.

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.