Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analysts' consensus is a "Hold" from eight firms (seven hold, one buy) with an average 1-year target of C$17.38, and multiple brokers recently raised targets to C$18 while keeping neutral/sector-perform ratings.
• Minto reported a quarterly loss of C($6.24) per share, with a negative ROE and a −22.43% net margin and high leverage (debt/equity ~101.09), yet the stock trades near its 12‑month high (~C$17.70) with a market cap of about C$648.4M.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) has been assigned an average recommendation of "Hold" from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$17.38.

MI.UN has been the subject of several recent analyst reports. National Bank Financial upped their price objective on Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 6th. Canadian Imperial Bank of Commerce downgraded Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from C$17.00 to C$18.00 in a research report on Tuesday, January 6th. Royal Bank Of Canada cut Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and upped their target price for the stock from C$16.50 to C$18.00 in a report on Tuesday, February 10th. Scotiabank upped their target price on Minto Apartment Real Estate Invt Trust from C$14.75 to C$18.00 and gave the stock a "sector perform" rating in a report on Tuesday, January 6th. Finally, Raymond James Financial upped their target price on Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the stock a "market perform" rating in a report on Tuesday, January 6th.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of MI.UN stock opened at C$17.70 on Thursday. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. Minto Apartment Real Estate Invt Trust has a twelve month low of C$12.51 and a twelve month high of C$17.72. The company has a market cap of C$648.40 million, a P/E ratio of -2.65 and a beta of 0.47. The business has a fifty day simple moving average of C$17.55 and a 200 day simple moving average of C$15.56.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C($6.24) earnings per share for the quarter. Minto Apartment Real Estate Invt Trust had a negative return on equity of 3.19% and a negative net margin of 22.43%.The business had revenue of C$38.92 million for the quarter. On average, sell-side analysts forecast that Minto Apartment Real Estate Invt Trust will post 1.0174984 EPS for the current fiscal year.

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, Calgary and Vancouver.

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