Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have earned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$17.75.

A number of equities research analysts recently commented on the stock. Scotiabank reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.50 to C$16.50 and set a “sector perform” rating for the company in a research report on Friday. CIBC reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.00 and set an “outperform” rating for the company in a research report on Friday. National Bankshares reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating for the company in a research report on Friday. Royal Bank of Canada reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating for the company in a research report on Friday. Finally, BMO Capital Markets reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of MI.UN opened at C$13.06 on Monday. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$12.63 and a fifty-two week high of C$17.37. The company has a market capitalization of C$521.36 million, a price-to-earnings ratio of -14.67 and a beta of 1.23. The firm has a 50-day simple moving average of C$13.17 and a 200-day simple moving average of C$14.50. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11.

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.