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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective cut by investment analysts at Scotiabank from C$18.75 to C$17.75 in a report released on Thursday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 25.44% from the company’s current price.

Several other brokerages also recently commented on MI.UN. National Bankshares raised their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a report on Wednesday, October 9th. Raymond James lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research note on Thursday, August 15th. TD Securities upped their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a report on Thursday, August 15th. BMO Capital Markets cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research note on Monday, October 28th. Finally, Royal Bank of Canada dropped their price objective 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.68.

Minto Apartment Real Estate Invt Trust Trading Down 0.1 %

Shares of MI.UN stock opened at C$14.15 on Thursday. 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 company has a market capitalization of C$564.87 million, a price-to-earnings ratio of -15.90 and a beta of 1.23. The firm has a 50-day moving average price of C$15.65 and a 200 day moving average price of C$15.51. Minto Apartment Real Estate Invt Trust has a twelve month low of C$13.69 and a twelve month 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.