Minto Apartment Real Estate Invt Trust - MI.UN Stock Forecast, Price & News

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, Ottawa, Calgary and Edmonton.

Analyst Ratings Changes

Several analysts have commented on MI.UN shares. Royal Bank of Canada lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$29.00 to C$25.50 and set an "outperform" rating on the stock in a research report on Thursday, May 5th. National Bankshares cut their price objective on Minto Apartment Real Estate Invt Trust from C$26.25 to C$24.50 in a report on Wednesday, April 27th. CIBC lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$24.50 to C$23.00 in a report on Monday, June 27th. Scotiabank decreased their target price on shares of Minto Apartment Real Estate Invt Trust from C$24.50 to C$23.00 in a research report on Thursday, May 5th. Finally, TD Securities reduced their price objective on Minto Apartment Real Estate Invt Trust from C$28.00 to C$27.00 and set a "buy" rating on the stock in a research note on Thursday, May 5th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$25.63.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN traded up C$0.27 during trading on Monday, hitting C$15.40. The company had a trading volume of 70,589 shares, compared to its average volume of 135,676. The company has a debt-to-equity ratio of 87.95, a quick ratio of 0.03 and a current ratio of 0.55. Minto Apartment Real Estate Invt Trust has a 12 month low of C$13.94 and a 12 month high of C$24.57. The firm has a market capitalization of C$617.08 million and a P/E ratio of 4.11. The stock has a 50 day simple moving average of C$15.36 and a 200 day simple moving average of C$18.75.