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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has received an average rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$15.81.

Several equities research analysts have commented on MI.UN shares. 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 report on Thursday, May 8th. TD Securities lowered their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Raymond James downgraded shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$15.75 to C$15.00 in a report on Thursday, May 8th. Desjardins reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, National Bankshares downgraded Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$15.00 to C$14.00 in a research report on Thursday, May 8th.

Minto Apartment Real Estate Invt Trust Stock Down 0.3%

Minto Apartment Real Estate Invt Trust stock opened at C$12.62 on Friday. The firm has a 50 day moving average price of C$13.02 and a 200-day moving average price of C$13.32. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. 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 company has a market capitalization of C$503.79 million, a P/E ratio of -14.18 and a beta of 1.23.

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.