Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Free Report) had its target price lowered by CIBC from C$20.00 to C$18.00 in a research report released on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other analysts also recently issued reports on the company. Desjardins reduced their price objective on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a "buy" rating on the stock in a research note on Friday. National Bankshares reduced their price objective 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 research note on Friday. Raymond James lowered their price objective on Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an "outperform" rating for the company in a research note on Friday. Royal Bank of Canada dropped their target price on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an "outperform" rating for the company in a report on Friday. Finally, BMO Capital Markets decreased their price target on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$17.75.
Read Our Latest Report on MI.UN
Minto Apartment Real Estate Invt Trust Price Performance
Shares of Minto Apartment Real Estate Invt Trust stock traded down C$0.17 during trading hours on Friday, hitting C$12.85. The company's stock had a trading volume of 115,915 shares, compared to its average volume of 192,119. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. 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 business has a 50 day moving average price of C$13.17 and a two-hundred day moving average price of C$14.50. The company has a market cap of C$512.97 million, a PE ratio of -14.44 and a beta of 1.23.
Minto Apartment Real Estate Invt Trust Company Profile
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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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