Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Rating Lowered by Canaccord Genuity Group

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) was downgraded by equities research analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a report issued on Tuesday,BayStreet.CA reports. They presently have a C$18.00 target price on the stock, up from their prior target price of C$15.50. Canaccord Genuity Group’s target price would indicate a potential upside of 3.15% from the company’s current price.

Several other brokerages have also recently issued reports on MI.UN. Scotiabank raised their target price on Minto Apartment Real Estate Invt Trust from C$14.75 to C$18.00 and gave the stock a “sector perform” rating in a research report on Tuesday. TD Securities dropped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Friday, December 12th. CIBC cut shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and upped their target price for the company from C$17.00 to C$18.00 in a report on Tuesday. National Bankshares increased their price target on shares of Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, Raymond James Financial lifted their price target on shares of Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the stock a “market perform” rating in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Minto Apartment Real Estate Invt Trust presently has an average rating of “Hold” and a consensus price target of C$17.06.

Minto Apartment Real Estate Invt Trust Stock Performance

MI.UN stock opened at C$17.45 on Tuesday. The company has a market cap of C$639.25 million, a P/E ratio of 9.34 and a beta of 1.00. Minto Apartment Real Estate Invt Trust has a 1 year low of C$11.94 and a 1 year high of C$17.47. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. The stock’s fifty day moving average price is C$13.65 and its 200-day moving average price is C$13.81.

Key Minto Apartment Real Estate Invt Trust News

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.