Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$19.68 Average Target Price from Brokerages

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$19.68.

A number of equities analysts recently commented on the company. CIBC decreased their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. Scotiabank decreased their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th. BMO Capital Markets decreased their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a report on Thursday, November 14th. Finally, Raymond James decreased their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a report on Monday, January 13th.

Minto Apartment Real Estate Invt Trust Price Performance

TSE MI.UN opened at C$13.04 on Thursday. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.65 and a 1-year high of C$17.89. The business’s fifty day moving average price is C$13.21 and its 200-day moving average price is C$14.71. The stock has a market capitalization of C$520.56 million, a price-to-earnings ratio of -14.65 and a beta of 1.23. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04.

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 and Calgary.