TD Securities Lowers Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$20.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price cut by TD Securities from C$21.00 to C$20.00 in a research note published on Wednesday, BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. Laurentian upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a report on Monday, January 22nd. Cormark upped 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. Royal Bank of Canada upped their target price 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. 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. Finally, Canaccord Genuity Group upped 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 report on Friday, March 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Minto Apartment Real Estate Invt Trust presently has an average rating of Moderate Buy and an average price target of C$19.98.

Minto Apartment Real Estate Invt Trust Stock Down 1.3 %

Shares of MI.UN stock opened at C$14.90 on Wednesday. Minto Apartment Real Estate Invt Trust has a 12 month low of C$12.81 and a 12 month high of C$17.89. The stock has a market cap of C$594.51 million, a P/E ratio of -5.10 and a beta of 1.18. The company has a current ratio of 1.16, a quick ratio of 0.04 and a debt-to-equity ratio of 107.96. 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.

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.