Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given Consensus Rating of “Hold” by Analysts

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$15.67.

A number of equities analysts recently issued reports on the company. TD Securities decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating for the company in a report on Friday. Raymond James Financial lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$16.00 to C$14.75 and set a “market perform” rating for the company in a research note on Friday, August 15th. Scotiabank reduced their price objective on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.25 and set a “sector perform” rating for the company in a research note on Friday, August 15th. Finally, Desjardins downgraded shares of Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and set a C$14.50 target price for the company. in a research report on Friday, August 15th.

Minto Apartment Real Estate Invt Trust Stock Up 0.3%

MI.UN stock traded up C$0.04 during midday trading on Friday, hitting C$13.06. The stock had a trading volume of 95,390 shares, compared to its average volume of 139,492. The business has a 50-day moving average of C$13.53 and a two-hundred day moving average of C$13.85. The firm has a market cap of C$478.43 million, a price-to-earnings ratio of 6.99 and a beta of 0.96. 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 52-week low of C$11.94 and a 52-week high of C$14.94.

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.