Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report)’s stock price was down 0.5% during trading on Monday . The stock traded as low as C$14.77 and last traded at C$14.78. Approximately 32,627 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 83,715 shares. The stock had previously closed at C$14.85.
Analysts Set New Price Targets
MI.UN has been the topic of a number of research analyst reports. Raymond James lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.25 to C$20.25 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Royal Bank of Canada raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the company an “outperform” rating in a research note on Friday, March 8th. TD Securities raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Scotiabank lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a “sector perform” rating on the stock in a research note on Monday, March 25th. Finally, BMO Capital Markets raised 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 report on Monday, March 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$20.07.
Get Our Latest Research Report on MI.UN
Minto Apartment Real Estate Invt Trust Stock Down 0.5 %
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, Ottawa, Calgary and Edmonton.
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