National Bankshares Cuts 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 decreased by National Bankshares from C$20.00 to C$18.75 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other research analysts have also commented on MI.UN. Scotiabank cut their price target on Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a sector perform rating on the stock in a research report on Monday, March 25th. CIBC lifted their price target on Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the stock an outperform rating in a research report on Friday, March 8th. Desjardins lifted their price target on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the stock a buy rating in a research report on Friday, March 8th. Cormark lifted their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a research report on Friday, March 15th. Finally, BMO Capital Markets lifted their price target on Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the stock an outperform rating in a research report on Monday, March 11th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$19.98.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of TSE MI.UN opened at C$14.90 on Wednesday. The company has a debt-to-equity ratio of 107.96, a quick ratio of 0.04 and a current ratio of 1.16. 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 firm has a market capitalization of C$594.51 million, a PE ratio of -5.10 and a beta of 1.18. The stock’s 50-day simple moving average is C$16.12 and its 200-day simple moving average is C$15.54.

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.