Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given New C$15.50 Price Target at Desjardins

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective lowered by Desjardins from C$16.50 to C$15.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 18.96% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Scotiabank cut 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. BMO Capital Markets cut their price target on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a report on Thursday. CIBC decreased their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research note on Thursday, November 14th. National Bankshares lowered their price objective on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating on the stock in a research report on Friday. Finally, Raymond James reduced their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$17.98.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN traded up C$0.02 during trading on Friday, hitting C$13.03. The company’s stock had a trading volume of 112,558 shares, compared to its average volume of 191,517. The company has a 50-day moving average of C$13.18 and a 200-day moving average of C$14.53. 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 has a market cap of C$520.16 million, a price-to-earnings ratio of -14.64 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.

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.