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

Minto Apartment Real Estate Invt Trust (TSE:MI.UNGet Rating) has been given a consensus recommendation of “Buy” by the ten ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$27.25.

A number of equities research analysts have recently commented on MI.UN shares. Scotiabank reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$24.75 to C$24.50 in a research note on Tuesday, April 12th. National Bank Financial reiterated an “outperform” rating and issued a C$26.25 target price on shares of Minto Apartment Real Estate Invt Trust in a report on Monday, January 17th. National Bankshares restated a “buy” rating and set a C$26.25 price objective on shares of Minto Apartment Real Estate Invt Trust in a report on Monday, January 17th. Canaccord Genuity Group raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$26.50 to C$28.50 in a report on Thursday, March 10th. Finally, CIBC cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$27.00 to C$26.50 in a research report on Thursday, March 10th.

MI.UN stock traded up C$0.26 during trading on Tuesday, reaching C$20.16. 117,336 shares of the company were exchanged, compared to its average volume of 123,247. The company has a 50-day moving average of C$21.31 and a two-hundred day moving average of C$21.92. The company has a market capitalization of C$731.30 million and a price-to-earnings ratio of 8.57. Minto Apartment Real Estate Invt Trust has a twelve month low of C$19.79 and a twelve month high of C$25.41. The company has a debt-to-equity ratio of 88.69, a current ratio of 0.44 and a quick ratio of 0.03.

About Minto Apartment Real Estate Invt Trust (Get Rating)

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, Ottawa, Calgary and Edmonton.

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Analyst Recommendations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN)

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