Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) had its target price lowered by investment analysts at Desjardins from C$16.50 to C$15.50 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price objective would indicate a potential upside of 20.62% from the company's current price.
MI.UN has been the subject of a number of other reports. CIBC reduced their price objective 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. Scotiabank dropped their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th. 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 for the company in a research note on Friday. BMO Capital Markets dropped their price objective on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a report on Thursday, March 6th. Finally, Raymond James reduced their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$17.75.
View Our Latest Analysis on MI.UN
Minto Apartment Real Estate Invt Trust Stock Performance
Shares of MI.UN traded down C$0.17 during mid-day trading on Friday, reaching 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 current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The stock has a market cap of C$512.97 million, a P/E ratio of -14.44 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.63 and a 1-year high of C$17.34. The business has a 50-day simple moving average of C$13.17 and a two-hundred day simple moving average of 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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