Raymond James 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 price target cut by investment analysts at Raymond James from C$19.00 to C$17.25 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Raymond James’ target price points to a potential upside of 32.90% from the company’s current price.

A number of other research analysts have also recently weighed in on MI.UN. National Bankshares lifted their price target 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. Scotiabank cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday, November 14th. BMO Capital Markets reduced their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a report on Thursday, November 14th. Finally, CIBC lowered their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.52.

Minto Apartment Real Estate Invt Trust Stock Performance

TSE MI.UN opened at C$12.98 on Monday. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.80 and a 1-year high of C$17.89. The firm has a market capitalization of C$518.16 million, a P/E ratio of -14.58 and a beta of 1.23. The business’s 50-day simple moving average is C$13.81 and its 200-day simple moving average is C$15.17.

About Minto Apartment Real Estate Invt Trust

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.