Brokerages Set Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target at C$15.81

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$15.81.

Several analysts have recently commented on MI.UN shares. TD Securities dropped their price objective 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. Royal Bank Of Canada lowered their price target 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 report on Thursday, May 8th. CIBC reduced their price objective 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 research note on Thursday, May 8th. Scotiabank lowered 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 note on Thursday, May 8th. Finally, Raymond James Financial cut Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "market perform" rating and reduced their price target for the company from C$15.75 to C$15.00 in a research report on Thursday, May 8th.

Minto Apartment Real Estate Invt Trust Stock Performance

TSE MI.UN traded down C$0.03 during trading hours on Friday, reaching C$14.68. The stock had a trading volume of 97,325 shares, compared to its average volume of 167,062. 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 stock has a fifty day moving average of C$13.94 and a 200 day moving average of C$13.42. 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 has a market cap of C$586.03 million, a P/E ratio of -16.49 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.