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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective decreased by CIBC from C$21.00 to C$20.00 in a research note released on Thursday morning,BayStreet.CA reports.

Several other research firms have also recently commented on MI.UN. TD Securities raised their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research report on Thursday, August 15th. Royal Bank of Canada lowered 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. BMO Capital Markets lowered their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research report on Monday, October 28th. Raymond James lowered their price target on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research report on Thursday, August 15th. Finally, National Bankshares lifted their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE MI.UN traded down C$0.10 during mid-day trading on Thursday, hitting C$14.06. The company had a trading volume of 21,394 shares, compared to its average volume of 90,593. The stock has a market cap of C$561.28 million, a price-to-earnings ratio of -15.91 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 debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. The firm’s 50 day simple moving average is C$15.69 and its two-hundred day simple moving average is C$15.52.

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.