Raymond James Trims Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Target Price to C$20.25

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target trimmed by Raymond James from C$21.25 to C$20.25 in a research report sent to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Scotiabank cut their target price on Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a sector perform rating for the company in a research note on Monday, March 25th. Desjardins upped their target price on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the stock a buy rating in a research note on Friday, March 8th. Royal Bank of Canada upped their target price on Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the stock an outperform rating in a research note on Friday, March 8th. TD Securities cut their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research note on Wednesday. Finally, National Bankshares cut their target price on Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.75 and set an outperform rating for the company in a research note on Wednesday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Minto Apartment Real Estate Invt Trust has an average rating of Moderate Buy and an average price target of C$19.98.

Minto Apartment Real Estate Invt Trust Trading Down 1.3 %

Shares of TSE:MI.UN opened at C$14.90 on Wednesday. The company has a market capitalization of C$594.51 million, a P/E ratio of -5.10 and a beta of 1.18. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.81 and a 1 year high of C$17.89. The company has a debt-to-equity ratio of 107.96, a current ratio of 1.16 and a quick ratio of 0.04. The business’s 50 day simple moving average is C$16.12 and its 200 day simple moving average is C$15.54.

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.