Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Cut to C$17.75 by Analysts at Scotiabank

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 published on Thursday,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the stock. Raymond James cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research report on Thursday, August 15th. National Bankshares raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. Royal Bank of Canada cut their price objective 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 raised their price objective on shares of 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 cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research report on Monday, October 28th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Minto Apartment Real Estate Invt Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Performance

Minto Apartment Real Estate Invt Trust stock traded down C$0.10 during midday trading on Thursday, reaching C$14.06. 21,394 shares of the company’s stock were exchanged, compared to its average volume of 90,593. 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 company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. The firm has a market cap of C$561.28 million, a price-to-earnings ratio of -15.91 and a beta of 1.23. The stock’s 50-day simple moving average is C$15.69 and its 200 day simple moving average is C$15.52.

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.