Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT Lowered to C$20.00 at TD Securities

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target cut by TD Securities from C$21.00 to C$20.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Other analysts also recently issued reports about the stock. Scotiabank reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a sector perform rating for the company in a report on Monday, March 25th. Canaccord Genuity Group increased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.00 and gave the company a buy rating in a research note on Friday, March 8th. Laurentian increased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a research note on Monday, January 22nd. BMO Capital Markets increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the stock an outperform rating in a research report on Monday, March 11th. Finally, Raymond James increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.25 to C$21.25 and gave the stock an outperform rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$19.98.

Minto Apartment Real Estate Invt Trust Price Performance

TSE MI.UN opened at C$15.11 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.04 and a debt-to-equity ratio of 107.96. The company has a fifty day simple moving average of C$16.19 and a 200 day simple moving average of C$15.55. The company has a market cap of C$602.89 million, a P/E ratio of -5.17 and a beta of 1.18. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.81 and a 1 year high of C$17.89.

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, Ottawa, Calgary and Edmonton.