National Bankshares Lowers Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$18.75

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price reduced by research analysts at National Bankshares from C$20.00 to C$18.75 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 24.25% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Cormark raised their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a research report on Friday, March 15th. 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 for the company in a research report on Monday, March 25th. CIBC raised their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. BMO Capital Markets lifted their price objective 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. Finally, Laurentian lifted their price objective on Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a research report on Monday, January 22nd. One 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, the company presently has an average rating of “Moderate Buy” and an average target price of C$19.98.

Minto Apartment Real Estate Invt Trust Price Performance

Minto Apartment Real Estate Invt Trust stock opened at C$15.09 on Wednesday. The company has a debt-to-equity ratio of 107.96, a current ratio of 1.16 and a quick ratio of 0.04. The company has a market capitalization of C$602.09 million, a PE ratio of -5.17 and a beta of 1.18. Minto Apartment Real Estate Invt Trust has a one year low of C$12.81 and a one year high of C$17.89. The business has a 50 day simple moving average of C$16.16 and a 200 day simple moving average of C$15.55.

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.