Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT Lowered to C$20.00 at TD Securities

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective reduced by TD Securities from C$21.00 to C$20.00 in a research note published on Wednesday, BayStreet.CA reports.

A number of other analysts have also recently weighed in on MI.UN. BMO Capital Markets boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the stock an outperform rating in a research note on Monday, March 11th. CIBC boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the stock an outperform rating in a research note on Friday, March 8th. Royal Bank of Canada lifted their price target 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 report on Friday, March 8th. Scotiabank cut their price target on shares of 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 report on Monday, March 25th. Finally, Desjardins lifted their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the stock a buy rating in a report on Friday, March 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Minto Apartment Real Estate Invt Trust presently has a consensus rating of Moderate Buy and a consensus price target of C$19.98.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN opened at C$14.90 on Wednesday. The company’s 50 day simple moving average is C$16.12 and its 200 day simple moving average is C$15.54. The stock has a market capitalization of C$594.51 million, a price-to-earnings ratio of -5.10 and a beta of 1.18. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.81 and a 1 year high of C$17.89. The company has a debt-to-equity ratio of 107.96, a current ratio of 1.16 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, Ottawa, Calgary and Edmonton.