Brokerages Set Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT at C$25.98

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UNGet Rating) have received an average recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$25.98.

Several analysts have weighed in on MI.UN shares. Royal Bank of Canada dropped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$29.00 to C$25.50 and set an “outperform” rating for the company in a research note on Thursday, May 5th. Scotiabank dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$24.50 to C$23.00 in a research report on Thursday, May 5th. TD Securities dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$28.00 to C$27.00 and set a “buy” rating for the company in a research report on Thursday, May 5th. BMO Capital Markets dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$29.00 to C$26.00 in a research report on Thursday, May 5th. Finally, Raymond James dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$28.00 to C$26.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 5th.

Shares of Minto Apartment Real Estate Invt Trust stock opened at C$18.56 on Friday. Minto Apartment Real Estate Invt Trust has a twelve month low of C$17.34 and a twelve month high of C$25.41. The company has a quick ratio of 0.03, a current ratio of 0.44 and a debt-to-equity ratio of 88.69. The company has a 50-day simple moving average of C$20.32 and a two-hundred day simple moving average of C$21.40. The stock has a market capitalization of C$673.26 million and a price-to-earnings ratio of 7.90.

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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