Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given New C$20.00 Price Target at CIBC

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective lowered by CIBC from C$21.00 to C$20.00 in a report issued on Thursday morning,BayStreet.CA reports.

MI.UN has been the subject of several other research reports. 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 report on Thursday, August 15th. Raymond James reduced their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research note on Thursday, August 15th. National Bankshares raised their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. TD Securities boosted their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research report on Thursday, August 15th. Finally, BMO Capital Markets decreased their price objective on Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a report on Monday, October 28th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.68.

Minto Apartment Real Estate Invt Trust Trading Down 0.1 %

TSE:MI.UN opened at C$14.15 on Thursday. The firm has a market capitalization of C$564.87 million, a P/E ratio of -15.90 and a beta of 1.23. The business has a 50 day simple moving average of C$15.65 and a 200 day simple moving average of C$15.53. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. Minto Apartment Real Estate Invt Trust has a 12-month low of C$13.69 and a 12-month high of C$17.89.

About Minto Apartment Real Estate Invt Trust

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.