BMO Capital Markets Lowers Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$18.50

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) had its price target dropped by analysts at BMO Capital Markets from C$19.00 to C$18.50 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets' target price would suggest a potential upside of 23.33% from the company's previous close.

MI.UN has been the subject of several other reports. Raymond James lowered their price target on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a report on Thursday, August 15th. National Bankshares increased their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a report on Wednesday, October 9th. Royal Bank of Canada lowered their price target on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a report on Thursday, August 15th. Finally, TD Securities increased their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$19.98.

Minto Apartment Real Estate Invt Trust Trading Up 0.2 %

TSE:MI.UN traded up C$0.03 during mid-day trading on Monday, hitting C$15.00. The company had a trading volume of 32,602 shares, compared to its average volume of 89,246. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$12.95 and a fifty-two week high of C$17.89. The business's fifty day moving average is C$16.26 and its two-hundred day moving average is C$15.59. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. The firm has a market cap of C$598.80 million, a P/E ratio of -16.85 and a beta of 1.23.

About Minto Apartment Real Estate Invt Trust

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.