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 received a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$15.81.

Several brokerages have recently commented on MI.UN. TD Securities lowered 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 for the company in a research report on Thursday, May 8th. Raymond James Financial cut shares of Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from C$15.75 to C$15.00 in a research report 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 for the company in a research report on Thursday, May 8th. CIBC lowered their price target on shares of 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 report on Thursday, May 8th. Finally, National Bankshares cut shares of Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$15.00 to C$14.00 in a research report on Thursday, May 8th.

Minto Apartment Real Estate Invt Trust Price Performance

MI.UN traded up C$0.10 during midday trading on Friday, hitting C$14.55. The company had a trading volume of 147,264 shares, compared to its average volume of 167,916. 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 company has a market capitalization of C$580.84 million, a PE ratio of -16.35 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a twelve month low of C$11.94 and a twelve month high of C$17.34. The firm's 50-day simple moving average is C$13.89 and its 200-day simple moving average is C$13.40.

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.