Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) hit a new 52-week low during mid-day trading on Thursday after Scotiabank lowered their price target on the stock from C$17.50 to C$16.50. Scotiabank currently has a sector perform rating on the stock. Minto Apartment Real Estate Invt Trust traded as low as C$12.63 and last traded at C$12.97, with a volume of 50488 shares trading hands. The stock had previously closed at C$13.56.
Several other analysts also recently commented on MI.UN. Royal Bank of Canada reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an "outperform" rating for the company in a research report on Friday. CIBC decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.00 and set an "outperform" rating for the company in a research note on Friday. BMO Capital Markets cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday. Desjardins decreased their target price on 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. Finally, National Bankshares cut their price target on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an "outperform" rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$17.75.
Read Our Latest Stock Report on MI.UN
Minto Apartment Real Estate Invt Trust Stock Down 0.3 %
The stock has a fifty day simple moving average of C$13.17 and a two-hundred day simple moving average of C$14.50. The firm has a market cap of C$519.76 million, a PE ratio of -14.63 and a beta of 1.23. 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 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.
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