National Bankshares Cuts Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$24.50

Minto Apartment Real Estate Invt Trust (TSE:MI.UNGet Rating) had its target price dropped by research analysts at National Bankshares from C$26.25 to C$24.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 24.18% from the company’s current price.

MI.UN has been the topic of several other research reports. BMO Capital Markets raised their price objective 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. Raymond James set a C$28.00 price objective on shares of Minto Apartment Real Estate Invt Trust and gave the stock a “strong-buy” rating in a report on Tuesday, April 19th. CIBC decreased their target price on Minto Apartment Real Estate Invt Trust from C$27.00 to C$26.50 in a research report on Thursday, March 10th. Canaccord Genuity Group raised their price objective on Minto Apartment Real Estate Invt Trust from C$26.50 to C$28.50 in a research report on Thursday, March 10th. Finally, Scotiabank lowered their price objective on Minto Apartment Real Estate Invt Trust from C$24.75 to C$24.50 in a research report on Tuesday, April 12th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Minto Apartment Real Estate Invt Trust currently has an average rating of “Buy” and a consensus price target of C$27.08.

MI.UN traded up C$0.29 during midday trading on Wednesday, reaching C$19.73. The company’s stock had a trading volume of 90,617 shares, compared to its average volume of 123,481. The company has a current ratio of 0.44, a quick ratio of 0.03 and a debt-to-equity ratio of 88.69. The company has a fifty day simple moving average of C$21.06 and a 200 day simple moving average of C$21.78. The stock has a market cap of C$715.71 million and a P/E ratio of 8.37. Minto Apartment Real Estate Invt Trust has a twelve month low of C$19.30 and a twelve month 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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