Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Cut to C$17.00 by Analysts at CIBC

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target reduced by CIBC from C$18.00 to C$17.00 in a report published on Thursday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. BMO Capital Markets lowered their target price on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday, March 6th. Desjardins lowered their price objective on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating on the stock in a research report on Friday, March 7th. Raymond James decreased 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 note on Friday, March 7th. Scotiabank lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.50 to C$16.50 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Finally, National Bankshares cut Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$15.00 to C$14.00 in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.81.

Minto Apartment Real Estate Invt Trust Price Performance

MI.UN opened at C$12.68 on Thursday. The company has a fifty day simple moving average of C$13.10 and a 200 day simple moving average of C$13.48. 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 cap of C$506.19 million, a P/E ratio of -14.25 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 12 month low of C$11.94 and a 12 month high of C$17.34.

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.