Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) had its target price decreased by Raymond James from C$17.25 to C$16.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Raymond James' price objective would suggest a potential upside of 24.51% from the company's previous close.
Other equities analysts also recently issued reports about the stock. 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 report on Thursday, March 6th. National Bankshares dropped their price target on shares of 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 report on Friday. 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 shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price target 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 research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$17.75.
Check Out Our Latest Report on Minto Apartment Real Estate Invt Trust
Minto Apartment Real Estate Invt Trust Stock Down 1.3 %
Shares of Minto Apartment Real Estate Invt Trust stock traded down C$0.17 on Friday, hitting C$12.85. The company had a trading volume of 115,915 shares, compared to its average volume of 192,119. The stock has a market capitalization of C$512.97 million, a price-to-earnings ratio of -14.44 and a beta of 1.23. 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 1 year low of C$12.63 and a 1 year high of C$17.34. The stock has a 50 day moving average of C$13.17 and a 200-day 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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