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

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$17.41.

Several research analysts have recently commented on the company. BMO Capital Markets cut their price objective on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a report on Thursday, March 6th. National Bankshares cut their price objective on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating for the company in a report on Friday, March 7th. Desjardins cut their price objective on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating for the company in a report on Friday, March 7th. Royal Bank of Canada cut their price objective 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 report on Friday, March 7th. Finally, CIBC cut 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 report on Friday, March 7th.

Minto Apartment Real Estate Invt Trust Stock Up 0.2 %

MI.UN stock opened at C$13.21 on Tuesday. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The firm has a market capitalization of C$527.34 million, a PE ratio of -14.84 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a twelve month low of C$11.94 and a twelve month high of C$17.34. The stock has a 50-day simple moving average of C$13.07 and a two-hundred day simple moving average of C$13.59.

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.