Scotiabank Cuts Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$15.50

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target reduced by Scotiabank from C$16.50 to C$15.50 in a research note issued to investors on Thursday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

MI.UN has been the subject of several other research reports. BMO Capital Markets lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research note on Thursday, March 6th. Desjardins lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating for the company in a research report on Friday, March 7th. Raymond James reduced their target price on Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. National Bankshares downgraded Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$15.00 to C$14.00 in a report on Thursday. Finally, Royal Bank of Canada dropped their price target on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$15.81.

Minto Apartment Real Estate Invt Trust Stock Up 1.1 %

Shares of TSE:MI.UN opened at C$12.82 on Thursday. 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 has a market cap of C$511.77 million, a price-to-earnings ratio of -14.40 and a beta of 1.23. The company has a 50 day moving average of C$13.09 and a 200-day moving average of C$13.45. Minto Apartment Real Estate Invt Trust has a one year low of C$11.94 and a one year high of C$17.34.

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 and Calgary.