Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT Lowered to C$18.50

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target cut by equities researchers at BMO Capital Markets from C$19.00 to C$18.50 in a research report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 23.17% from the stock’s current price.

A number of other brokerages also recently issued reports on MI.UN. National Bankshares upped their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. Raymond James dropped their target price on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research report on Thursday, August 15th. TD Securities increased their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research report on Thursday, August 15th. Finally, Royal Bank of Canada lowered their price objective on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research report on Thursday, August 15th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Minto Apartment Real Estate Invt Trust currently has an average rating of “Moderate Buy” and a consensus target price of C$19.98.

Minto Apartment Real Estate Invt Trust Stock Performance

MI.UN traded up C$0.05 during midday trading on Monday, reaching C$15.02. The company had a trading volume of 13,269 shares, compared to its average volume of 89,148. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The business has a 50-day moving average of C$16.28 and a two-hundred day moving average of C$15.60. The company has a market cap of C$599.60 million, a P/E ratio of -16.93 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.95 and a 1 year high of C$17.89.

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.