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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has earned an average rating of “Moderate Buy” from the nine analysts that are currently 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 twelve-month price objective among analysts that have covered the stock in the last year is C$19.68.

Several brokerages recently issued reports on MI.UN. BMO Capital Markets reduced their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a report on Thursday, November 14th. CIBC cut their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. National Bankshares boosted their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a report on Wednesday, October 9th. Raymond James raised their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a report on Thursday, November 14th. Finally, Scotiabank reduced their price target on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th.

Minto Apartment Real Estate Invt Trust Stock Performance

MI.UN opened at C$13.23 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. Minto Apartment Real Estate Invt Trust has a 12-month low of C$12.99 and a 12-month high of C$17.89. The firm has a 50 day moving average of C$14.35 and a two-hundred day moving average of C$15.33. The firm has a market capitalization of C$528.14 million, a PE ratio of -14.87 and a beta of 1.23.

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.