Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$19.68.

Several analysts have weighed in on the stock. CIBC lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research note on Thursday, November 14th. TD Securities increased their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, August 15th. National Bankshares lifted their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. Royal Bank of Canada cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research report on Thursday, August 15th. Finally, BMO Capital Markets cut their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a report on Thursday, November 14th.

Minto Apartment Real Estate Invt Trust Price Performance

MI.UN stock opened at C$14.76 on Friday. The stock’s 50 day moving average is C$15.21 and its two-hundred day moving average is C$15.48. The company has a market capitalization of C$589.22 million, a PE ratio of -16.58 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 52-week low of C$13.69 and a 52-week high of C$17.89. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09.

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.