BMO Capital Markets Cuts Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$18.00

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price reduced by BMO Capital Markets from C$18.50 to C$18.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada decreased their target price on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research report on Thursday, August 15th. CIBC decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday. Raymond James boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a research note on Thursday. TD Securities raised their price target 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, National Bankshares lifted their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company 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 MI.UN opened at C$14.15 on Thursday. The stock has a 50 day moving average of C$15.65 and a 200 day moving average of C$15.53. 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 company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09.

About Minto Apartment Real Estate Invt Trust

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.