Raymond James Cuts Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$17.25

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective trimmed by Raymond James from C$19.00 to C$17.25 in a report released on Monday,BayStreet.CA reports.

A number of other analysts also recently issued reports on the company. Scotiabank lowered their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. CIBC lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. BMO Capital Markets cut their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research note on Thursday, November 14th. Finally, National Bankshares boosted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$19.52.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of MI.UN stock opened at C$13.12 on Monday. The company has a market capitalization of C$523.75 million, a P/E ratio of -14.74 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 52 week low of C$12.80 and a 52 week high of C$17.89. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. The company’s 50 day moving average price is C$13.79 and its two-hundred day moving average price is C$15.16.

About Minto Apartment Real Estate Invt Trust

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.