Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$15.81.
Several research firms have commented on MI.UN. BMO Capital Markets lowered their price objective on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday, March 6th. Royal Bank of Canada lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$17.50 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. CIBC lowered their price target 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 research report on Thursday, May 8th. 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 on the stock in a research report on Friday, March 7th. Finally, Scotiabank decreased their target price on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th.
View Our Latest Report on Minto Apartment Real Estate Invt Trust
Minto Apartment Real Estate Invt Trust Stock Performance
TSE MI.UN traded up C$0.12 during trading hours on Friday, reaching C$13.96. The stock had a trading volume of 6,226 shares, compared to its average volume of 165,517. The stock has a fifty day moving average of C$13.02 and a 200 day moving average of C$13.31. The stock has a market cap of C$557.28 million, a P/E ratio of -15.69 and a beta of 1.23. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. Minto Apartment Real Estate Invt Trust has a 52-week low of C$11.94 and a 52-week 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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