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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$17.38.

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

Minto Apartment Real Estate Invt Trust Stock Down 0.1%

Shares of TSE MI.UN opened at C$17.41 on Friday. 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 company has a market capitalization of C$637.78 million, a P/E ratio of -2.61 and a beta of 0.58. The company’s 50 day moving average price is C$17.51 and its 200-day moving average price is C$15.08. Minto Apartment Real Estate Invt Trust has a 52-week low of C$11.94 and a 52-week high of C$17.69.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) last issued its quarterly earnings results on Wednesday, March 4th. The company reported C($6.24) earnings per share for the quarter. The business had revenue of C$38.92 million for the quarter. Minto Apartment Real Estate Invt Trust had a negative return on equity of 3.19% and a negative net margin of 22.43%. Equities analysts forecast that Minto Apartment Real Estate Invt Trust will post 1.0174984 earnings per share for the current year.

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.