Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Lowered to C$16.00 at Raymond James

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price dropped by analysts at Raymond James from C$17.25 to C$16.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 22.79% from the stock’s previous close.

Other analysts have also issued reports about the company. Royal Bank of Canada decreased their price target on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating on the stock in a research note on Friday. National Bankshares lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating for the company in a report on Friday. CIBC dropped their price target on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. BMO Capital Markets lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research note on Thursday. Finally, Scotiabank dropped their price objective on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$17.98.

Minto Apartment Real Estate Invt Trust Trading Up 0.2 %

Shares of Minto Apartment Real Estate Invt Trust stock traded up C$0.02 during mid-day trading on Friday, hitting C$13.03. 112,558 shares of the stock were exchanged, compared to its average volume of 191,517. Minto Apartment Real Estate Invt Trust has a twelve month low of C$12.63 and a twelve month high of C$17.37. The company has a 50-day simple moving average of C$13.18 and a 200 day simple moving average of C$14.53. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The stock has a market capitalization of C$520.16 million, a price-to-earnings ratio of -14.64 and a beta of 1.23.

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, Montreal, Ottawa and Calgary.