CIBC Has Lowered Expectations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price reduced by CIBC from C$21.00 to C$20.00 in a report published on Thursday,BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. National Bankshares raised 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. Raymond James dropped their target price on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a report on Thursday, August 15th. 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 report on Thursday, August 15th. BMO Capital Markets dropped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research note on Monday, October 28th. Finally, TD Securities lifted their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, August 15th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Minto Apartment Real Estate Invt Trust has an average rating of “Moderate Buy” and a consensus price target of C$19.68.

Minto Apartment Real Estate Invt Trust Price Performance

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

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.