Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given New C$24.50 Price Target at Scotiabank

Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Rating) had its target price cut by Scotiabank from C$24.75 to C$24.50 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other analysts have also weighed in on the stock. Canaccord Genuity Group upped their price target on shares of Minto Apartment Real Estate Invt Trust from C$26.50 to C$28.50 in a research note on Thursday, March 10th. National Bankshares reaffirmed a buy rating and issued a C$26.25 price target on shares of Minto Apartment Real Estate Invt Trust in a research note on Monday, January 17th. National Bank Financial reaffirmed an outperform rating and issued a C$26.25 price target on shares of Minto Apartment Real Estate Invt Trust in a research note on Monday, January 17th. CIBC reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$27.00 to C$26.50 in a research note on Thursday, March 10th. Finally, BMO Capital Markets upped their price target on shares of Minto Apartment Real Estate Invt Trust from C$28.50 to C$29.00 in a research note on Thursday, March 10th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Buy and an average target price of C$27.25.

Minto Apartment Real Estate Invt Trust stock opened at C$20.05 on Tuesday. The company has a quick ratio of 0.03, a current ratio of 0.44 and a debt-to-equity ratio of 88.69. The firm has a 50-day moving average price of C$21.44 and a two-hundred day moving average price of C$21.99. The firm has a market capitalization of C$803.40 million and a price-to-earnings ratio of 8.53. Minto Apartment Real Estate Invt Trust has a 52-week low of C$19.83 and a 52-week high of C$25.41.

Minto Apartment Real Estate Invt Trust Company Profile (Get Rating)

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, Ottawa, Calgary and Edmonton.

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