Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given New C$20.00 Price Target at CIBC

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target trimmed by CIBC from C$21.00 to C$20.00 in a report released on Thursday,BayStreet.CA reports.

Several other equities analysts also recently issued reports on MI.UN. Royal Bank of Canada cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a report on Thursday, August 15th. BMO Capital Markets decreased their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research report on Monday, October 28th. TD Securities raised their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, August 15th. National Bankshares raised their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. Finally, Raymond James lowered their target price on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Down 0.7 %

TSE:MI.UN traded down C$0.10 during mid-day trading on Thursday, reaching C$14.06. The company’s stock had a trading volume of 21,394 shares, compared to its average volume of 90,593. Minto Apartment Real Estate Invt Trust has a 1 year low of C$13.69 and a 1 year high of C$17.89. The stock has a fifty day moving average of C$15.69 and a 200-day moving average of C$15.52. The firm has a market capitalization of C$561.28 million, a PE ratio of -15.91 and a beta of 1.23. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09.

Minto Apartment Real Estate Invt Trust Company Profile

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.