Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target Lowered to C$14.75 at Raymond James Financial

Key Points

• Raymond James Financial has lowered the price target for Minto Apartment Real Estate Investment Trust from C$16.00 to C$14.75, maintaining a "market perform" rating, which indicates a potential upside of 9.75% from the current price.
• Other brokerages have also adjusted their target prices, with Scotiabank reducing it to C$15.25 and Canaccord Genuity increasing it to C$16.50, reflecting mixed analyst sentiment.
• Minto Apartment Real Estate Investment Trust is currently trading at C$13.44, with a market capitalization of C$536.52 million and a debt-to-equity ratio of 101.09.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Free Report) had its price objective lowered by Raymond James Financial from C$16.00 to C$14.75 in a report released on Friday morning,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Several other research firms also recently weighed in on MI.UN. Canaccord Genuity Group increased their price objective on Minto Apartment Real Estate Invt Trust from C$15.50 to C$16.50 in a report on Friday, August 1st. CIBC decreased their price objective on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Royal Bank Of Canada decreased their price objective on Minto Apartment Real Estate Invt Trust from C$19.50 to C$17.50 and set an "outperform" rating for the company in a report on Thursday, May 8th. TD Securities decreased their price objective on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, National Bankshares downgraded Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$15.00 to C$14.00 in a report on Thursday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$15.72.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of MI.UN stock traded up C$0.03 during trading hours on Friday, hitting C$13.40. The stock had a trading volume of 91,698 shares, compared to its average volume of 159,965. The firm has a market capitalization of C$534.93 million, a PE ratio of -15.06 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a twelve month low of C$11.94 and a twelve month high of C$17.34. The stock's 50 day moving average is C$14.20 and its 200 day moving average is C$13.57. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04.

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.