Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$15.89 Average PT from Analysts

Key Points

• Minto Apartment Real Estate Investment Trust has received a consensus recommendation of "Moderate Buy" from analysts, with four buy recommendations and three hold ratings.
• The average twelve-month target price among brokerages covering the stock is C$15.89, reflecting mixed sentiment among analysts regarding the company's outlook.
• The stock recently traded at C$13.73, with a market capitalization of C$548.10 million and a notable debt-to-equity ratio of 101.09.

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$15.89.

MI.UN has been the topic of several research analyst reports. CIBC reduced their target price 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 note on Thursday, May 8th. TD Securities cut their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Raymond James Financial lowered shares of Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from C$15.75 to C$15.00 in a report on Thursday, May 8th. National Bankshares cut shares of Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from C$15.00 to C$14.00 in a research report on Thursday, May 8th. Finally, Canaccord Genuity Group lifted their target price on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$16.50 in a research note on Friday, August 1st.

Minto Apartment Real Estate Invt Trust Trading Down 0.9%

Shares of MI.UN traded down C$0.13 during trading hours on Thursday, hitting C$13.60. The company had a trading volume of 122,541 shares, compared to its average volume of 162,059. Minto Apartment Real Estate Invt Trust has a 52-week low of C$11.94 and a 52-week high of C$17.34. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The stock's 50 day moving average price is C$14.37 and its 200 day moving average price is C$13.54. The firm has a market cap of C$542.91 million, a P/E ratio of -15.28 and a beta of 1.23.

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.