Raymond James Has Lowered Expectations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective cut by stock analysts at Raymond James from C$19.00 to C$17.25 in a research note issued on Monday,BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 33.93% from the company’s current price.

MI.UN has been the topic of a number of other research reports. Scotiabank lowered their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th. CIBC lowered their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. BMO Capital Markets lowered their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a report on Thursday, November 14th. Finally, National Bankshares increased their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$19.52.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of Minto Apartment Real Estate Invt Trust stock traded down C$0.09 during trading on Monday, hitting C$12.88. 102,241 shares of the company’s stock traded hands, compared to its average volume of 138,427. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.85 and a 1 year high of C$17.89. The stock has a market capitalization of C$514.17 million, a P/E ratio of -14.47 and a beta of 1.23. The business has a 50-day simple moving average of C$13.84 and a 200-day simple moving average of C$15.18.

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.