Scotiabank Lowers Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$16.50

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) had its price target lowered by equities research analysts at Scotiabank from C$17.50 to C$16.50 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Scotiabank's price objective would suggest a potential upside of 26.24% from the company's previous close.

MI.UN has been the topic of a number of other research reports. 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 on the stock in a research report on Friday. Raymond James cut their target price on shares of 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. National Bankshares decreased 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 note on Friday. Royal Bank of Canada cut their price objective 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 note on Friday. Finally, BMO Capital Markets lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research note on Thursday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Minto Apartment Real Estate Invt Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of C$17.98.

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Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN traded up C$0.06 during midday trading on Friday, reaching C$13.07. The company's stock had a trading volume of 117,858 shares, compared to its average volume of 191,517. Minto Apartment Real Estate Invt Trust has a twelve month low of C$12.63 and a twelve month high of C$17.37. 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 firm has a market capitalization of C$521.75 million, a PE ratio of -14.69 and a beta of 1.23. The stock has a fifty day moving average of C$13.18 and a 200 day moving average of C$14.53.

About Minto Apartment Real Estate Invt Trust

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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