Scotiabank Cuts Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$17.75

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective cut by Scotiabank from C$18.75 to C$17.75 in a report released on Thursday morning,BayStreet.CA reports.

Several other research analysts also recently issued reports on MI.UN. BMO Capital Markets cut their price objective on Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research report on Monday, October 28th. National Bankshares boosted their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a report on Wednesday, October 9th. Raymond James reduced their price objective on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research report on Thursday, August 15th. TD Securities upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a report on Thursday, August 15th. Finally, Royal Bank of Canada decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research note on Thursday, August 15th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Performance

TSE:MI.UN opened at C$14.15 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The company has a market capitalization of C$564.87 million, a P/E ratio of -15.90 and a beta of 1.23. The firm has a 50-day moving average price of C$15.65 and a two-hundred day moving average price of C$15.53. Minto Apartment Real Estate Invt Trust has a twelve month low of C$13.69 and a twelve month high of C$17.89.

Minto Apartment Real Estate Invt Trust Company Profile

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.