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

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

Several research analysts recently weighed in on the stock. CIBC cut 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. BMO Capital Markets cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research note on Thursday, November 14th. Raymond James cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research note on Monday, January 13th. Finally, Scotiabank cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday, November 14th.

Minto Apartment Real Estate Invt Trust Stock Down 0.8 %

Shares of Minto Apartment Real Estate Invt Trust stock opened at C$13.07 on Thursday. The firm has a market cap of C$521.75 million, a price-to-earnings ratio of -14.69 and a beta of 1.23. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.65 and a 1 year high of C$17.89. The company has a 50-day moving average of C$13.27 and a 200 day moving average of C$14.78.

Minto Apartment Real Estate Invt Trust Company Profile

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.