TD Securities Cuts Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$17.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target lowered by research analysts at TD Securities from C$18.00 to C$17.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 32.61% from the company’s previous close.

Several other research firms have also commented on MI.UN. Raymond James lowered Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$15.75 to C$15.00 in a research report on Thursday. Royal Bank of Canada dropped their target price 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 report on Friday, March 7th. BMO Capital Markets decreased their price target on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a report on Thursday, March 6th. CIBC lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Scotiabank dropped their price target on shares of Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “sector perform” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$15.81.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN opened at C$12.82 on Thursday. The firm has a fifty day simple moving average of C$13.09 and a two-hundred day simple moving average of C$13.46. Minto Apartment Real Estate Invt Trust has a 52 week low of C$11.94 and a 52 week high of C$17.34. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The stock has a market capitalization of C$511.77 million, a P/E ratio of -14.40 and a beta of 1.23.

Minto Apartment Real Estate Invt Trust Company Profile

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.