Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given New C$18.00 Price Target at BMO Capital Markets

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target cut by BMO Capital Markets from C$18.50 to C$18.00 in a research note published on Thursday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on MI.UN. Raymond James upped their price objective on Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a report on Thursday. CIBC cut their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday. TD Securities increased their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a report on Thursday, August 15th. Royal Bank of Canada dropped their target price on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a report on Thursday, August 15th. Finally, National Bankshares increased their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$19.68.

Minto Apartment Real Estate Invt Trust Price Performance

Minto Apartment Real Estate Invt Trust stock traded down C$0.10 during midday trading on Thursday, hitting C$14.06. 21,394 shares of the company’s stock were exchanged, compared to its average volume of 90,593. Minto Apartment Real Estate Invt Trust has a 52-week low of C$13.69 and a 52-week high of C$17.89. The stock has a 50-day moving average price of C$15.69 and a two-hundred day moving average price of C$15.52. 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 has a market cap of C$561.28 million, a P/E ratio of -15.91 and a beta of 1.23.

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.