Raymond James Financial Has Lowered Expectations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target decreased by stock analysts at Raymond James Financial from C$16.00 to C$14.75 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 9.67% from the company’s previous close.

Several other analysts also recently weighed in on the stock. CIBC dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Desjardins lowered Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and set a C$14.50 price target for the company. in a research report on Friday. TD Securities cut their price objective on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Scotiabank decreased their target price on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.25 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Royal Bank Of Canada dropped their target price on Minto Apartment Real Estate Invt Trust from C$19.50 to C$17.50 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$15.72.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of MI.UN opened at C$13.45 on Friday. The firm has a 50-day simple moving average of C$14.27 and a two-hundred day simple moving average of C$13.57. The stock has a market cap of C$536.92 million, a PE ratio of -15.11 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 1-year low of C$11.94 and a 1-year high of C$17.34. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04.

About Minto Apartment Real Estate Invt Trust

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.