Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$17.38 Consensus PT from Analysts

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has earned an average rating of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$17.38.

MI.UN has been the subject of several recent research reports. National Bank Financial boosted their price objective on Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a report on Tuesday, January 6th. Canadian Imperial Bank of Commerce downgraded Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$17.00 to C$18.00 in a report on Tuesday, January 6th. Canaccord Genuity Group downgraded Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$15.50 to C$18.00 in a report on Tuesday, January 6th. Raymond James Financial boosted their price objective on Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Finally, Scotiabank boosted 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 report on Tuesday, January 6th.

Minto Apartment Real Estate Invt Trust Stock Down 0.2%

Shares of Minto Apartment Real Estate Invt Trust stock opened at C$17.63 on Thursday. Minto Apartment Real Estate Invt Trust has a 52-week low of C$12.54 and a 52-week high of C$17.72. 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 has a 50-day simple moving average of C$17.55 and a 200-day simple moving average of C$15.62. The firm has a market cap of C$645.84 million, a price-to-earnings ratio of -2.64 and a beta of 0.47.

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 (EPS) for the quarter. Minto Apartment Real Estate Invt Trust had a negative net margin of 22.43% and a negative return on equity of 3.19%. The business had revenue of C$38.92 million during the quarter. On average, equities research analysts expect that Minto Apartment Real Estate Invt Trust will post 1.0174984 earnings per share for the current fiscal 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.