Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$17.75 Consensus PT from Brokerages

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$17.75.

A number of research analysts have recently commented on MI.UN shares. Royal Bank of Canada dropped their price target on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating for the company in a research note on Friday, March 7th. Raymond James dropped their target price on Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Scotiabank reduced their price target on Minto Apartment Real Estate Invt Trust from C$17.50 to C$16.50 and set a “sector perform” rating on the stock in a report on Friday, March 7th. CIBC lowered their price objective on Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Finally, National Bankshares cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating on the stock in a research report on Friday, March 7th.

Minto Apartment Real Estate Invt Trust Price Performance

Minto Apartment Real Estate Invt Trust stock opened at C$12.89 on Monday. 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 has a 52 week low of C$12.63 and a 52 week high of C$17.34. The stock has a market capitalization of C$514.57 million, a P/E ratio of -14.48 and a beta of 1.23. The stock has a fifty day moving average of C$13.15 and a 200-day moving average of C$14.43.

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.