Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$17.41.
A number of brokerages recently commented on MI.UN. Royal Bank of Canada decreased their target price on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an "outperform" rating for the company in a research report on Friday, March 7th. BMO Capital Markets decreased their target price on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday, March 6th. National Bankshares decreased their target price on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an "outperform" rating for the company in a research report on Friday, March 7th. Desjardins decreased their target price on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, Scotiabank decreased their target price on Minto Apartment Real Estate Invt Trust from C$17.50 to C$16.50 and set a "sector perform" rating for the company in a research report on Friday, March 7th.
Check Out Our Latest Stock Report on Minto Apartment Real Estate Invt Trust
Minto Apartment Real Estate Invt Trust Stock Up 0.2 %
Shares of TSE:MI.UN opened at C$13.21 on Tuesday. The company has a market capitalization of C$527.34 million, a price-to-earnings ratio of -14.84 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. The business's 50-day moving average is C$13.07 and its 200-day moving average is C$13.59. Minto Apartment Real Estate Invt Trust has a 1 year low of C$11.94 and a 1 year high of C$17.34.
About Minto Apartment Real Estate Invt Trust
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Get Free ReportMinto 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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