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

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 given a consensus rating of "Moderate Buy" by the seven brokerages that are currently 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 updated their coverage on the stock in the last year is C$15.89.

Several equities analysts recently issued reports on the company. National Bankshares lowered Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from C$15.00 to C$14.00 in a research note on Thursday, May 8th. Raymond James Financial cut Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from C$15.75 to C$15.00 in a research report on Thursday, May 8th. TD Securities decreased 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 research note on Thursday, May 8th. Scotiabank lowered their price target on shares of 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 report on Thursday, May 8th. Finally, Royal Bank Of Canada reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$17.50 and set an "outperform" rating for the company in a report on Thursday, May 8th.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN traded up C$0.17 during midday trading on Thursday, hitting C$13.77. The company's stock had a trading volume of 108,956 shares, compared to its average volume of 161,710. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. The stock's 50 day simple moving average is C$14.35 and its 200 day simple moving average is C$13.55. The stock has a market capitalization of C$549.70 million, a price-to-earnings ratio of -15.47 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$11.94 and a fifty-two week 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.