Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given New C$15.00 Price Target at BMO Capital Markets

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective lowered by equities research analysts at BMO Capital Markets from C$15.50 to C$15.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 14.68% from the company’s current price.

Other analysts have also issued research reports about the stock. CIBC cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. Scotiabank lowered their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday, November 14th. Finally, Raymond James lowered their price objective on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Minto Apartment Real Estate Invt Trust presently has an average rating of “Moderate Buy” and an average target price of C$19.38.

Minto Apartment Real Estate Invt Trust Stock Down 3.5 %

TSE MI.UN traded down C$0.48 during trading on Thursday, hitting C$13.08. The stock had a trading volume of 228,756 shares, compared to its average volume of 188,055. Minto Apartment Real Estate Invt Trust has a 12 month low of C$12.63 and a 12 month high of C$17.89. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. The company’s 50-day moving average price is C$13.18 and its two-hundred day moving average price is C$14.55. The company has a market capitalization of C$522.15 million, a PE ratio of -14.70 and a beta of 1.23.

About Minto Apartment Real Estate Invt Trust

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.