Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$20.02 Consensus PT from Analysts

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$20.02.

Several analysts recently commented on the company. Raymond James dropped their target price on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a report on Thursday, August 15th. Royal Bank of Canada lowered their price target on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research report on Thursday, August 15th. TD Securities increased their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research report on Thursday, August 15th. Finally, National Bankshares increased their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th.

Minto Apartment Real Estate Invt Trust Stock Up 3.0 %

Shares of MI.UN stock opened at C$15.70 on Friday. The stock’s 50-day simple moving average is C$16.31 and its 200-day simple moving average is C$15.61. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. The firm has a market capitalization of C$626.74 million, a PE ratio of -17.64 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$12.81 and a fifty-two week high of C$17.89.

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.