Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) had its target price lowered by equities researchers at BMO Capital Markets from C$15.50 to C$15.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets' target price indicates a potential upside of 15.21% from the stock's previous close.
A number of other equities analysts have also commented on the stock. Raymond James decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research note on Monday, January 13th. CIBC cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. Finally, Scotiabank cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Minto Apartment Real Estate Invt Trust presently has an average rating of "Moderate Buy" and a consensus price target of C$17.75.
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Minto Apartment Real Estate Invt Trust Price Performance
TSE:MI.UN traded down C$0.04 during trading hours on Thursday, reaching C$13.02. 218,057 shares of the company's stock were exchanged, compared to its average volume of 194,097. The company has a market capitalization of C$519.76 million, a P/E ratio of -14.63 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 12 month low of C$12.63 and a 12 month high of C$17.34. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The business's 50-day simple moving average is C$13.17 and its two-hundred day simple moving average is C$14.50.
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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