Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Lowered to C$20.25 at Raymond James

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective reduced by Raymond James from C$21.25 to C$20.25 in a research note published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets boosted their target price on Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the company an outperform rating in a research report on Monday, March 11th. National Bankshares cut their target price on Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.75 and set an outperform rating on the stock in a research report on Wednesday. Scotiabank cut their target price on Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a sector perform rating on the stock in a research report on Monday, March 25th. Desjardins boosted their target price on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a buy rating in a research report on Friday, March 8th. Finally, Royal Bank of Canada boosted their price objective on Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the company an outperform rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Minto Apartment Real Estate Invt Trust currently has a consensus rating of Moderate Buy and an average price target of C$19.98.

Minto Apartment Real Estate Invt Trust Stock Performance

TSE MI.UN opened at C$15.11 on Wednesday. The company has a market cap of C$602.89 million, a P/E ratio of -5.17 and a beta of 1.18. The company has a debt-to-equity ratio of 107.96, a quick ratio of 0.04 and a current ratio of 1.16. The business’s 50 day moving average price is C$16.19 and its 200-day moving average price is C$15.55. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$12.81 and a fifty-two week high of C$17.89.

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, Ottawa, Calgary and Edmonton.