Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$20.07.

Several brokerages have commented on MI.UN. Raymond James decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.25 to C$20.25 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. BMO Capital Markets boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research note on Monday, March 11th. Scotiabank decreased their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a “sector perform” rating for the company in a research note on Monday, March 25th. Desjardins boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a “buy” rating in a research note on Friday, March 8th. Finally, Royal Bank of Canada boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the company an “outperform” rating in a research note on Friday, March 8th.

Minto Apartment Real Estate Invt Trust Stock Up 1.9 %

TSE:MI.UN opened at C$15.06 on Wednesday. The company has a current ratio of 3.97, a quick ratio of 0.04 and a debt-to-equity ratio of 101.24. Minto Apartment Real Estate Invt Trust has a twelve month low of C$12.81 and a twelve month high of C$17.89. The company’s 50 day moving average is C$14.97 and its two-hundred day moving average is C$15.81. The company has a market cap of C$601.04 million, a PE ratio of -5.40 and a beta of 1.17.

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, Ottawa, Calgary and Edmonton.