Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Cut to C$15.50 by Analysts at Scotiabank

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective cut by Scotiabank from C$16.50 to C$15.50 in a research report report published on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other analysts also recently issued reports about the company. BMO Capital Markets reduced their price target on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research note on Thursday, March 6th. National Bankshares cut shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$15.00 to C$14.00 in a research report on Thursday. Raymond James lowered their price target on shares of Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Desjardins cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Royal Bank of Canada cut their price target on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating for the company in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$15.81.

Minto Apartment Real Estate Invt Trust Trading Up 1.1 %

MI.UN stock opened at C$12.82 on Thursday. Minto Apartment Real Estate Invt Trust has a one year low of C$11.94 and a one year high of C$17.34. The stock has a market cap of C$511.77 million, a price-to-earnings ratio of -14.40 and a beta of 1.23. The company has a fifty day moving average price of C$13.09 and a two-hundred day moving average price of C$13.45. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04.

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, Montreal, Ottawa and Calgary.