Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given New C$17.25 Price Target at Raymond James

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective dropped by equities research analysts at Raymond James from C$19.00 to C$17.25 in a research report issued on Monday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 33.93% from the stock’s previous close.

Several other analysts have also issued reports on MI.UN. Scotiabank cut their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday, November 14th. BMO Capital Markets cut their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research note on Thursday, November 14th. CIBC cut their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research note on Thursday, November 14th. Finally, National Bankshares upped their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Minto Apartment Real Estate Invt Trust currently has an average rating of “Moderate Buy” and a consensus price target of C$19.52.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of TSE MI.UN traded down C$0.09 during midday trading on Monday, hitting C$12.88. 102,241 shares of the company’s stock were exchanged, compared to its average volume of 138,427. Minto Apartment Real Estate Invt Trust has a 12-month low of C$12.85 and a 12-month high of C$17.89. 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 company has a market cap of C$514.17 million, a price-to-earnings ratio of -14.47 and a beta of 1.23. The business’s fifty day moving average price is C$13.84 and its two-hundred day moving average price is C$15.18.

Minto Apartment Real Estate Invt Trust Company Profile

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.