Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Lowered to C$20.00 at CIBC

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target decreased by CIBC from C$21.00 to C$20.00 in a report issued on Thursday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 40.06% from the stock’s previous close.

Several other brokerages have also recently weighed in on MI.UN. TD Securities raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a report on Thursday, August 15th. Raymond James decreased their price target on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a report on Thursday, August 15th. Royal Bank of Canada lowered their price target on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a report on Thursday, August 15th. BMO Capital Markets cut their price target on Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research report on Monday, October 28th. Finally, National Bankshares raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Up 1.2 %

MI.UN traded up C$0.17 during trading hours on Thursday, hitting C$14.28. 39,667 shares of the company’s stock were exchanged, compared to its average volume of 90,731. 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 has a 12-month low of C$13.69 and a 12-month high of C$17.89. The firm has a market cap of C$570.06 million, a P/E ratio of -16.04 and a beta of 1.23. The firm has a 50 day moving average of C$15.74 and a 200 day moving average of C$15.53.

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.