Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$19.68 Average Price Target from Analysts

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$19.68.

A number of analysts have recently commented on MI.UN shares. CIBC decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. National Bankshares boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. BMO Capital Markets dropped their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research note on Thursday, November 14th. Raymond James upped their price objective on Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a research report on Thursday, November 14th. Finally, Scotiabank dropped their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th.

Minto Apartment Real Estate Invt Trust Stock Up 0.9 %

TSE:MI.UN opened at C$13.35 on Wednesday. The firm has a 50-day simple moving average of C$14.19 and a two-hundred day simple moving average of C$15.29. The firm has a market cap of C$532.93 million, a P/E ratio of -15.00 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$12.99 and a fifty-two week 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.

Minto Apartment Real Estate Invt Trust Company Profile

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.