Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Minto Apartment Real Estate Investment Trust has received a consensus rating of "Hold" from seven brokerages, with four issuing hold recommendations and three recommending a buy.
• The average 12-month price target set by analysts is C$15.72, reflecting recent adjustments by various brokerages, including a decrease from C$16.00 by Raymond James Financial.
• Currently, Minto's stock is trading around C$13.43, showing a one-year low of C$11.94 and a high of C$17.10, with a market capitalization of approximately C$521.11 million.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) has earned an average recommendation of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$15.72.

A number of brokerages recently commented on MI.UN. Raymond James Financial decreased their target price on Minto Apartment Real Estate Invt Trust from C$16.00 to C$14.75 and set a "market perform" rating for the company in a research report on Friday, August 15th. Desjardins lowered Minto Apartment Real Estate Invt Trust from a "buy" rating to a "hold" rating and set a C$14.50 price objective for the company. in a report on Friday, August 15th. Canaccord Genuity Group boosted their price objective on Minto Apartment Real Estate Invt Trust from C$15.50 to C$16.50 in a report on Friday, August 1st. Finally, Scotiabank decreased their price objective on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.25 and set a "sector perform" rating for the company in a report on Friday, August 15th.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of Minto Apartment Real Estate Invt Trust stock opened at C$13.43 on Friday. Minto Apartment Real Estate Invt Trust has a one year low of C$11.94 and a one year high of C$17.10. The firm has a market capitalization of C$521.11 million, a price-to-earnings ratio of 8.18 and a beta of 1.15. The business has a 50-day simple moving average of C$13.79 and a 200 day simple moving average of C$13.65. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04.

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, Montreal, Ottawa and Calgary.

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