Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given New C$18.00 Price Target at CIBC

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target dropped by equities research analysts at CIBC from C$20.00 to C$18.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 37.72% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. National Bankshares cut 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 report on Friday. Scotiabank cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday, November 14th. Desjardins cut their price objective on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating on the stock in a research report on Friday. BMO Capital Markets decreased their target price on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday. Finally, Raymond James dropped their target price on Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an “outperform” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$17.98.

Minto Apartment Real Estate Invt Trust Trading Up 0.5 %

Shares of MI.UN stock traded up C$0.06 on Friday, reaching C$13.07. 117,858 shares of the stock were exchanged, compared to its average volume of 191,517. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.63 and a 1-year high of C$17.37. The stock has a market cap of C$521.75 million, a P/E ratio of -14.69 and a beta of 1.23. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The firm has a 50 day moving average of C$13.18 and a two-hundred day moving average of C$14.53.

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.