Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective cut by Scotiabank from C$23.00 to C$22.75 in a report published on Monday morning, BayStreet.CA reports.
MI.UN has been the topic of a number of other research reports. CIBC cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$25.50 to C$24.00 in a research report on Friday, May 8th. Raymond James set a C$24.00 target price on shares of Minto Apartment Real Estate Invt Trust and gave the stock an outperform rating in a research report on Friday, May 8th. TD Securities boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$26.00 to C$27.00 and gave the stock a buy rating in a research report on Friday, May 8th. Finally, BMO Capital Markets dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$24.50 to C$23.00 in a research report on Monday, May 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of C$24.16.
Shares of Minto Apartment Real Estate Invt Trust stock opened at C$18.35 on Monday. The firm’s 50 day moving average price is C$19.01 and its 200-day moving average price is C$21.16. The company has a quick ratio of 0.64, a current ratio of 0.84 and a debt-to-equity ratio of 119.96. Minto Apartment Real Estate Invt Trust has a 52-week low of C$15.58 and a 52-week high of C$28.31. The company has a market cap of $665.64 million and a P/E ratio of 5.26.
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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