Scotiabank Cuts Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$18.75

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target decreased by Scotiabank from C$19.25 to C$18.75 in a research report released on Monday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Several other equities analysts have also weighed in on the stock. TD Securities raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a buy rating in a research report on Friday, March 8th. Canaccord Genuity Group lifted their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.00 and gave the stock a buy rating in a research report on Friday, March 8th. Laurentian lifted their target price on shares of Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a research report on Monday, January 22nd. Royal Bank of Canada lifted their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the stock an outperform rating in a research report on Friday, March 8th. Finally, BMO Capital Markets lifted their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the stock an outperform rating in a research report on Monday, March 11th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$20.27.

Minto Apartment Real Estate Invt Trust Stock Performance

TSE:MI.UN opened at C$15.83 on Monday. Minto Apartment Real Estate Invt Trust has a twelve month low of C$12.81 and a twelve month high of C$17.89. The company has a current ratio of 1.16, a quick ratio of 0.04 and a debt-to-equity ratio of 107.96. The company has a 50-day moving average of C$16.68 and a 200-day moving average of C$15.32. The firm has a market cap of C$631.62 million, a price-to-earnings ratio of -5.42 and a beta of 1.18.

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, Ottawa, Calgary and Edmonton.