Brokerages Set Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT at C$15.81

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$15.81.

Several analysts recently commented on the stock. TD Securities cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. CIBC cut 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. Raymond James Financial downgraded shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$15.75 to C$15.00 in a research report on Thursday, May 8th. Royal Bank Of Canada reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$17.50 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Finally, Scotiabank reduced their price target on shares of 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 report on Thursday, May 8th.

Minto Apartment Real Estate Invt Trust Trading Down 0.8%

Shares of TSE:MI.UN opened at C$14.71 on Friday. The company has a 50 day moving average of C$13.94 and a 200-day moving average of C$13.42. The firm has a market cap of C$587.22 million, a P/E ratio of -16.53 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 company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09.

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.