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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) has received an average rating of "Moderate Buy" from the nine brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$20.27.

Several equities research analysts have weighed in on MI.UN shares. Canaccord Genuity Group increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.00 and gave the stock a "buy" rating in a report on Friday, March 8th. Cormark lifted their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a report on Friday, March 15th. Desjardins increased their price target on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the stock a "buy" rating in a report on Friday, March 8th. Raymond James lifted their price objective on Minto Apartment Real Estate Invt Trust from C$20.25 to C$21.25 and gave the company an "outperform" rating in a report on Friday, March 8th. Finally, Royal Bank of Canada increased their target price on Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the stock an "outperform" rating in a research note on Friday, March 8th.

Minto Apartment Real Estate Invt Trust Trading Up 0.6 %

Shares of MI.UN stock traded up C$0.09 during trading hours on Friday, reaching C$14.84. The company had a trading volume of 200,122 shares, compared to its average volume of 91,305. The company has a debt-to-equity ratio of 107.96, a current ratio of 1.16 and a quick ratio of 0.04. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.81 and a 1-year high of C$17.89. The company has a 50 day moving average of C$16.24 and a 200 day moving average of C$15.49. The firm has a market cap of C$592.12 million, a price-to-earnings ratio of -5.08 and a beta of 1.18.

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, Ottawa, Calgary and Edmonton.