Scotiabank Has Lowered Expectations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target decreased by Scotiabank from C$18.75 to C$17.75 in a research note released on Thursday,BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research report on Thursday, August 15th. TD Securities increased their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a report on Thursday, August 15th. National Bankshares lifted their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. Raymond James reduced their price objective on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research note on Thursday, August 15th. Finally, BMO Capital Markets lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Minto Apartment Real Estate Invt Trust has an average rating of “Moderate Buy” and a consensus price target of C$19.68.

Minto Apartment Real Estate Invt Trust Price Performance

TSE:MI.UN opened at C$14.15 on Thursday. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. Minto Apartment Real Estate Invt Trust has a 52 week low of C$13.69 and a 52 week high of C$17.89. The stock’s 50-day moving average price is C$15.65 and its 200-day moving average price is C$15.53. The stock has a market capitalization of C$564.87 million, a PE ratio of -15.90 and a beta of 1.23.

Minto Apartment Real Estate Invt Trust Company Profile

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.