Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given Average Rating of "Moderate Buy" by Analysts

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$15.81.

Several research firms recently weighed in on MI.UN. TD Securities decreased their target price on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Desjardins decreased their price target 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 report on Friday, March 7th. BMO Capital Markets cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday, March 6th. National Bankshares lowered Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$15.00 to C$14.00 in a report on Thursday, May 8th. Finally, CIBC dropped their price objective on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th.

Minto Apartment Real Estate Invt Trust Trading Up 4.3%

Minto Apartment Real Estate Invt Trust stock traded up C$0.60 during midday trading on Friday, reaching C$14.44. 801,180 shares of the stock traded hands, compared to its average volume of 173,291. The company has a 50-day simple moving average of C$13.03 and a two-hundred day simple moving average of C$13.31. 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 firm has a market cap of C$576.44 million, a PE ratio of -16.22 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 12-month low of C$11.94 and a 12-month high of C$17.34.

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.