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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price lowered by National Bankshares from C$20.00 to C$18.75 in a research note released on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Cormark raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a research note on Friday, March 15th. Canaccord Genuity Group raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.00 and gave the stock a buy rating in a research note on Friday, March 8th. Royal Bank of Canada raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the stock an outperform rating in a research note on Friday, March 8th. Laurentian raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a research report on Monday, January 22nd. Finally, BMO Capital Markets boosted their price target on Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the company an outperform rating in a report on Monday, March 11th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$19.98.

Minto Apartment Real Estate Invt Trust Trading Down 2.6 %

TSE MI.UN opened at C$15.11 on Wednesday. Minto Apartment Real Estate Invt Trust has a 52-week low of C$12.81 and a 52-week high of C$17.89. The company has a quick ratio of 0.04, a current ratio of 1.16 and a debt-to-equity ratio of 107.96. The stock has a market capitalization of C$602.89 million, a P/E ratio of -5.17 and a beta of 1.18. The firm has a 50-day moving average price of C$16.19 and a 200 day moving average price of C$15.55.

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, Ottawa, Calgary and Edmonton.