Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$17.06 Consensus Price Target from Analysts

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$17.06.

MI.UN has been the topic of several research reports. National Bankshares upped their price target 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 research report on Tuesday, January 6th. CIBC cut shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and increased their target price for the stock from C$17.00 to C$18.00 in a report on Tuesday, January 6th. Canaccord Genuity Group downgraded shares of Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and raised their price target for the stock from C$15.50 to C$18.00 in a research report on Tuesday, January 6th. Scotiabank lifted their price target on shares of 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. Finally, TD Securities lowered their price objective 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 research report on Friday, December 12th.

Minto Apartment Real Estate Invt Trust Trading Down 0.1%

Shares of TSE MI.UN opened at C$17.41 on Friday. The stock has a market capitalization of C$675.54 million, a P/E ratio of 9.32 and a beta of 1.00. The stock’s 50 day moving average price is C$15.12 and its two-hundred day moving average price is C$14.20. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. 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 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, Calgary and Vancouver.