Raymond James Issues Pessimistic Forecast for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target decreased by analysts at Raymond James from C$19.00 to C$17.25 in a note issued to investors on Monday,BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 32.90% from the company’s previous close.

A number of other analysts have also recently commented on the company. CIBC cut their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. BMO Capital Markets reduced their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research note on Thursday, November 14th. Scotiabank lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. Finally, National Bankshares lifted their target price on shares of 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Minto Apartment Real Estate Invt Trust has a consensus rating of “Moderate Buy” and an average price target of C$19.52.

Minto Apartment Real Estate Invt Trust Stock Up 1.2 %

Minto Apartment Real Estate Invt Trust stock opened at C$12.98 on Monday. The stock has a market cap of C$518.16 million, a PE ratio of -14.58 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 fifty day moving average is C$13.81 and its two-hundred day moving average is C$15.17. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.80 and a 1-year 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.