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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price lowered by equities research analysts at TD Securities from C$21.00 to C$20.00 in a note issued to investors on Wednesday, BayStreet.CA reports. TD Securities’ price target points to a potential upside of 32.54% from the company’s current price.

Other research analysts also recently issued reports about the company. Desjardins lifted their target price on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Laurentian lifted their target price on Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a report on Monday, January 22nd. BMO Capital Markets lifted their target price on Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a report on Monday, March 11th. Canaccord Genuity Group boosted their price objective 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 note on Friday, March 8th. Finally, Cormark boosted their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a research note on Friday, March 15th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$19.98.

Minto Apartment Real Estate Invt Trust Stock Down 0.1 %

Shares of MI.UN opened at C$15.09 on Wednesday. The company has a market capitalization of C$602.09 million, a PE ratio of -5.17 and a beta of 1.18. 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’s 50-day moving average price is C$16.16 and its two-hundred day moving average price is C$15.55. The company has a current ratio of 1.16, a quick ratio of 0.04 and a debt-to-equity ratio of 107.96.

Minto Apartment Real Estate Invt Trust Company Profile

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.