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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$17.11.

Several analysts have recently issued reports on MI.UN shares. Scotiabank upped their price objective on Minto Apartment Real Estate Invt Trust from C$14.75 to C$18.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 6th. Canadian Imperial Bank of Commerce downgraded shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and boosted their target price for the company from C$17.00 to C$18.00 in a research note on Tuesday, January 6th. Royal Bank Of Canada cut shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$16.50 to C$18.00 in a research note on Tuesday, February 10th. TD Securities lowered their price target on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating for the company in a report on Friday, December 12th. Finally, National Bank Financial boosted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 6th.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of MI.UN stock opened at C$17.60 on Wednesday. The stock has a fifty day moving average price of C$16.47 and a 200 day moving average price of C$14.58. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. The stock has a market cap of C$644.74 million, a PE ratio of 9.42 and a beta of 0.96. Minto Apartment Real Estate Invt Trust has a 1 year low of C$11.94 and a 1 year high of C$17.69.

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, Calgary and Vancouver.