Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$15.81.

A number of research analysts recently issued reports on MI.UN shares. CIBC decreased their target price on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. BMO Capital Markets cut their price target on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research note on Thursday, March 6th. National Bankshares downgraded Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from C$15.00 to C$14.00 in a report on Thursday, May 8th. Royal Bank Of Canada reduced their target price on 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. Finally, Desjardins reduced their price objective 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 note on Friday, March 7th.

Minto Apartment Real Estate Invt Trust Trading Up 0.1%

MI.UN stock traded up C$0.02 during midday trading on Wednesday, hitting C$14.56. 72,075 shares of the company's stock were exchanged, compared to its average volume of 171,183. The business has a 50-day simple moving average of C$13.47 and a two-hundred day simple moving average of C$13.33. 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 stock has a market capitalization of C$581.24 million, a PE ratio of -16.36 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 1-year low of C$11.94 and a 1-year high of C$17.34.

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.