Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives Average Recommendation of “Moderate Buy” from Analysts

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$15.81.

MI.UN has been the subject of a number of research reports. Scotiabank reduced their price objective on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “sector perform” rating for the company in a research note on Thursday, May 8th. National Bankshares downgraded shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$15.00 to C$14.00 in a research report on Thursday, May 8th. Raymond James Financial cut shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$15.75 to C$15.00 in a research note on Thursday, May 8th. Royal Bank Of Canada dropped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$17.50 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Finally, CIBC decreased their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th.

Minto Apartment Real Estate Invt Trust Trading Down 0.3%

TSE:MI.UN opened at C$14.64 on Friday. The company has a market capitalization of C$584.43 million, a PE ratio of -16.45 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 52-week low of C$11.94 and a 52-week high of C$17.34. The stock’s 50 day moving average price is C$14.01 and its 200 day moving average price is C$13.44. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09.

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.