Scotiabank Issues Pessimistic Forecast 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 trimmed by Scotiabank from C$18.75 to C$17.75 in a report issued on Thursday,BayStreet.CA reports.

MI.UN has been the topic of a number of other reports. Raymond James dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research note on Thursday, August 15th. National Bankshares upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. Royal Bank of Canada dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research note on Thursday, August 15th. TD Securities upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, August 15th. Finally, BMO Capital Markets dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN opened at C$14.15 on Thursday. The company has a market capitalization of C$564.87 million, a price-to-earnings ratio of -15.90 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 12 month low of C$13.69 and a 12 month high of C$17.89. The firm’s 50-day moving average is C$15.65 and its 200 day moving average is C$15.52. The company has a current ratio of 1.11, a quick ratio of 0.04 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.