Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Rating Lowered to “Neutral” at CIBC

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) was downgraded by stock analysts at CIBC from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. They currently have a C$18.00 price target on the stock, up from their previous price target of C$17.00. CIBC’s price target suggests a potential upside of 3.15% from the company’s previous close.

Several other analysts also recently commented on MI.UN. TD Securities reduced their target price on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating for the company in a research note on Friday, December 12th. Raymond James Financial increased their price target on Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the stock a “market perform” rating in a report on Tuesday. Finally, National Bankshares raised their price objective on Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$17.06.

Minto Apartment Real Estate Invt Trust Trading Up 0.2%

TSE:MI.UN opened at C$17.45 on Tuesday. Minto Apartment Real Estate Invt Trust has a 12 month low of C$11.94 and a 12 month high of C$17.47. 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 stock has a market capitalization of C$639.25 million, a price-to-earnings ratio of 9.34 and a beta of 1.00. The firm has a fifty day simple moving average of C$13.65 and a two-hundred day simple moving average of C$13.81.

Minto Apartment Real Estate Invt Trust News Roundup

Here are the key news stories impacting Minto Apartment Real Estate Invt Trust this week:

• Positive Sentiment: Multiple firms raised their price targets to C$18.00 (Raymond James, National Bankshares, Scotiabank), which signals modest upside and provides support for the stock. BayStreet.CA TickerReport
• Neutral Sentiment: Broker consensus sits at an average “Hold,” indicating mixed analyst views and limited immediate catalytic upside from consensus recommendations. AmericanBankingNews
• Negative Sentiment: Canaccord and CIBC lowered their ratings (Canaccord: buy→hold; CIBC: outperform→neutral) despite also moving targets toward C$18.00 — the rating cuts reduce conviction and can cap the stock’s upside even with higher targets. BayStreet.CA

Minto Apartment Real Estate Invt Trust Company Profile

Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in urban markets in Canada. The REIT owns a portfolio of high-quality income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa, Calgary and Vancouver.