Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Rating Lowered by National Bankshares

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) was downgraded by National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday,BayStreet.CA reports. They presently have a C$14.00 price objective on the stock, down from their prior price objective of C$15.00. National Bankshares’ target price would indicate a potential upside of 9.20% from the stock’s previous close.

MI.UN has been the subject of several other reports. BMO Capital Markets reduced their target price on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research note on Thursday, March 6th. Desjardins reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating for the company in a research report on Friday, March 7th. Scotiabank dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.50 to C$16.50 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. Raymond James reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Finally, Royal Bank of Canada lowered their price objective on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating on the stock in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$15.81.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of Minto Apartment Real Estate Invt Trust stock opened at C$12.82 on Thursday. The firm has a market cap of C$511.77 million, a PE ratio of -14.40 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a twelve month low of C$11.94 and a twelve month high of C$17.34. 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 has a 50-day moving average price of C$13.09 and a 200 day moving average price of C$13.46.

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.