National Bankshares Cuts Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$16.75

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target cut by National Bankshares from C$17.00 to C$16.75 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a report on Thursday. CIBC dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. Raymond James dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research report on Monday, January 13th. Finally, Scotiabank lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$17.75.

Minto Apartment Real Estate Invt Trust Stock Performance

MI.UN stock opened at C$13.06 on Friday. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The company has a market capitalization of C$521.36 million, a price-to-earnings ratio of -14.67 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 12 month low of C$12.63 and a 12 month high of C$17.37. The firm has a 50 day moving average of C$13.17 and a two-hundred day moving average of C$14.50.

Minto Apartment Real Estate Invt Trust Company Profile

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, Montreal, Ottawa and Calgary.