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

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$19.98.

MI.UN has been the topic of several research reports. BMO Capital Markets dropped their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$18.50 in a research report on Monday, October 28th. Raymond James decreased their price target on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research note on Thursday, August 15th. Royal Bank of Canada decreased their price target on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research note on Thursday, August 15th. National Bankshares upped their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. Finally, TD Securities upped their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, August 15th.

Minto Apartment Real Estate Invt Trust Stock Down 1.5 %

TSE:MI.UN opened at C$14.02 on Tuesday. The firm has a market capitalization of C$559.68 million, a price-to-earnings ratio of -15.75 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 1-year low of C$13.69 and a 1-year high of C$17.89. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The business’s fifty day moving average price is C$15.88 and its 200 day moving average price is C$15.55.

Minto Apartment Real Estate Invt Trust Company Profile

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.