Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Lowered to C$18.00 at BMO Capital Markets

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective trimmed by BMO Capital Markets from C$18.50 to C$18.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

A number of other equities research analysts have also commented on MI.UN. Scotiabank reduced their price target on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday. CIBC reduced their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday. Royal Bank of Canada lowered their price objective on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research report on Thursday, August 15th. TD Securities raised their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research report on Thursday, August 15th. Finally, National Bankshares raised their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$19.68.

Minto Apartment Real Estate Invt Trust Trading Down 0.7 %

TSE:MI.UN traded down C$0.10 during mid-day trading on Thursday, hitting C$14.06. The company had a trading volume of 21,394 shares, compared to its average volume of 90,593. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$13.69 and a fifty-two week high of C$17.89. The business’s fifty day moving average is C$15.69 and its two-hundred day moving average is C$15.52. 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$561.28 million, a P/E ratio of -15.91 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.