Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Free Report) had its target price lowered by Raymond James from C$19.00 to C$17.25 in a research note published on Monday,BayStreet.CA reports.
MI.UN has been the topic of several other research reports. Scotiabank cut their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th. National Bankshares raised their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. BMO Capital Markets lowered their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a report on Thursday, November 14th. Finally, CIBC dropped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$19.52.
Check Out Our Latest Analysis on Minto Apartment Real Estate Invt Trust
Minto Apartment Real Estate Invt Trust Price Performance
Shares of TSE MI.UN traded down C$0.15 during trading on Monday, reaching C$12.82. The company had a trading volume of 182,529 shares, compared to its average volume of 148,923. 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 stock has a market capitalization of C$511.77 million, a PE ratio of -14.40 and a beta of 1.23. The stock has a 50-day moving average price of C$13.81 and a two-hundred day moving average price of C$15.17. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09.
About Minto Apartment Real Estate Invt Trust
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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.
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