CIBC Issues Pessimistic Forecast for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price trimmed by CIBC from C$21.00 to C$20.00 in a research report released on Thursday morning,BayStreet.CA reports.

Several other equities analysts have also commented on MI.UN. Scotiabank decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday. BMO Capital Markets decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a report on Monday, October 28th. Royal Bank of Canada cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research note on Thursday, August 15th. TD Securities upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, August 15th. Finally, National Bankshares upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of MI.UN stock opened at C$14.15 on Thursday. The firm’s 50 day moving average price is C$15.65 and its 200-day moving average price is C$15.52. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. Minto Apartment Real Estate Invt Trust has a one year low of C$13.69 and a one year high of C$17.89. The firm has a market cap of C$564.87 million, a P/E ratio of -15.90 and a beta of 1.23.

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.