Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Minto Apartment Real Estate Investment Trust (TSE:MI.UN) has received a consensus recommendation of "Hold" from seven brokerages, with four analysts recommending hold and three recommending buy.
• The average 12-month target price for MI.UN is C$15.72, reflecting recent price adjustments by several analysts; notably, National Bankshares reduced their price target to C$14.00.
• The company has a market capitalization of C$526.54 million, a P/E ratio of 8.26, and operates primarily in urban markets across Canada, focusing on income-producing multi-residential properties.

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) have earned a consensus rating of "Hold" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$15.72.

A number of equities analysts have weighed in on the company. Raymond James Financial decreased their target price on Minto Apartment Real Estate Invt Trust from C$16.00 to C$14.75 and set a "market perform" rating on the stock in a research note on Friday, August 15th. CIBC dropped 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. TD Securities dropped their price objective on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set a "buy" rating for the company in a report on Thursday, May 8th. National Bankshares lowered Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$15.00 to C$14.00 in a research report on Thursday, May 8th. Finally, Scotiabank decreased their target price on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.25 and set a "sector perform" rating for the company in a research report on Friday, August 15th.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN traded down C$0.02 during midday trading on Monday, reaching C$13.48. 29,013 shares of the company traded hands, compared to its average volume of 156,410. 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 12 month low of C$11.94 and a 12 month high of C$17.34. The firm has a market capitalization of C$523.05 million, a price-to-earnings ratio of 8.21 and a beta of 1.20. The firm's fifty day moving average price is C$14.01 and its two-hundred day moving average price is C$13.58.

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.