Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Lowered to C$16.75 at National Bankshares

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price reduced by National Bankshares from C$17.00 to C$16.75 in a research report released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently issued reports on MI.UN. BMO Capital Markets reduced their price target on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a report on Thursday. Raymond James cut their price objective on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research report on Monday, January 13th. CIBC cut their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. Finally, Scotiabank cut their price objective on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Minto Apartment Real Estate Invt Trust presently has an average rating of “Moderate Buy” and a consensus target price of C$17.98.

Minto Apartment Real Estate Invt Trust Stock Up 0.4 %

Shares of TSE:MI.UN opened at C$13.06 on Friday. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.63 and a 1 year high of C$17.37. The company has a market cap of C$521.36 million, a PE ratio of -14.67 and a beta of 1.23. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. The stock’s 50-day moving average is C$13.18 and its 200 day moving average is C$14.52.

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.