Brokerages Set Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT at C$17.41

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$17.41.

A number of research firms have issued reports on MI.UN. Scotiabank reduced their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.50 to C$16.50 and set a “sector perform” rating for the company in a research note on Friday, March 7th. National Bankshares cut their price target 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 report on Friday, March 7th. Raymond James decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Desjardins lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, BMO Capital Markets reduced their price target on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday, March 6th.

Minto Apartment Real Estate Invt Trust Trading Down 4.8 %

TSE MI.UN opened at C$12.81 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.63 and a 1-year high of C$17.34. The firm’s fifty day simple moving average is C$13.25 and its 200-day simple moving average is C$14.04. The company has a market capitalization of C$511.38 million, a PE ratio of -14.39 and a beta of 1.23.

About Minto Apartment Real Estate Invt Trust

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.