Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Lowered to C$20.00 at TD Securities

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price decreased by TD Securities from C$21.00 to C$20.00 in a report published on Wednesday, BayStreet.CA reports.

A number of other research firms have also weighed in on MI.UN. Desjardins raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the stock a buy rating in a research note on Friday, March 8th. CIBC raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the stock an outperform rating in a research note on Friday, March 8th. Canaccord Genuity Group lifted their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.00 and gave the company a buy rating in a research report on Friday, March 8th. Scotiabank reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a sector perform rating on the stock in a research report on Monday, March 25th. Finally, Royal Bank of Canada lifted their price target on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the company an outperform rating in a research report on Friday, March 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Minto Apartment Real Estate Invt Trust presently has a consensus rating of Moderate Buy and a consensus target price of C$19.98.

Minto Apartment Real Estate Invt Trust Trading Down 2.6 %

Shares of Minto Apartment Real Estate Invt Trust stock opened at C$15.11 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.04 and a debt-to-equity ratio of 107.96. The firm’s 50-day moving average price is C$16.19 and its 200 day moving average price is C$15.55. Minto Apartment Real Estate Invt Trust has a twelve month low of C$12.81 and a twelve month high of C$17.89. The firm has a market capitalization of C$602.89 million, a PE ratio of -5.17 and a beta of 1.18.

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, Ottawa, Calgary and Edmonton.