Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Lowered to C$18.75 at National Bankshares

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective lowered by National Bankshares from C$20.00 to C$18.75 in a research report released on Wednesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Desjardins raised their price objective on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a buy rating in a research report on Friday, March 8th. Canaccord Genuity Group lifted their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.00 and gave the stock a buy rating in a report on Friday, March 8th. Royal Bank of Canada lifted their price target on Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the stock an outperform rating in a report on Friday, March 8th. BMO Capital Markets lifted their price objective on Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the company an outperform rating in a report on Monday, March 11th. Finally, CIBC upped their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the company an outperform rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$19.98.

Minto Apartment Real Estate Invt Trust Stock Down 2.6 %

TSE:MI.UN opened at C$15.11 on Wednesday. The company has a debt-to-equity ratio of 107.96, a quick ratio of 0.04 and a current ratio of 1.16. The company has a market cap of C$602.89 million, a PE ratio of -5.17 and a beta of 1.18. Minto Apartment Real Estate Invt Trust has a 52-week low of C$12.81 and a 52-week high of C$17.89. The stock has a 50-day simple moving average of C$16.19 and a 200 day simple moving average of C$15.55.

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.