Desjardins 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 target price decreased by Desjardins from C$16.50 to C$15.50 in a research note published on Friday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

MI.UN has been the subject of several other reports. Scotiabank reduced their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. Raymond James cut their price objective on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a report on Monday, January 13th. National Bankshares cut their price target on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating for the company in a report on Friday. CIBC cut their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. Finally, BMO Capital Markets lowered their price objective on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$17.98.

Minto Apartment Real Estate Invt Trust Trading Up 0.4 %

Shares of MI.UN stock opened at C$13.06 on Friday. Minto Apartment Real Estate Invt Trust has a 12 month low of C$12.63 and a 12 month high of C$17.37. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The business’s 50 day moving average is C$13.18 and its two-hundred day moving average is C$14.52. The company has a market cap of C$521.36 million, a PE ratio of -14.67 and a beta of 1.23.

Minto Apartment Real Estate Invt Trust Company Profile

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.