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

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$15.72.

Several equities research analysts have commented on MI.UN shares. National Bankshares lowered Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$15.00 to C$14.00 in a research note on Thursday, May 8th. TD Securities lowered their price objective on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Canaccord Genuity Group raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$16.50 in a research report on Friday, August 1st. Royal Bank Of Canada dropped their price objective on 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. Finally, Desjardins lowered Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and set a C$14.50 target price for the company. in a report on Friday, August 15th.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of MI.UN stock opened at C$13.57 on Monday. The company has a market cap of C$526.54 million, a P/E ratio of 8.26 and a beta of 1.20. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. The stock’s 50-day moving average is C$14.06 and its 200 day moving average is C$13.58. Minto Apartment Real Estate Invt Trust has a 1-year low of C$11.94 and a 1-year high of C$17.34.

About Minto Apartment Real Estate Invt Trust

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.