Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$19.52 Consensus PT from Analysts

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$19.68.

Several brokerages recently commented on MI.UN. Scotiabank reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday, November 14th. BMO Capital Markets lowered their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a report on Thursday, November 14th. National Bankshares boosted their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. Raymond James dropped their price target on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research report on Monday, January 13th. Finally, CIBC decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th.

Minto Apartment Real Estate Invt Trust Trading Up 1.3 %

TSE:MI.UN opened at C$13.01 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The stock’s 50 day simple moving average is C$13.61 and its 200-day simple moving average is C$15.04. Minto Apartment Real Estate Invt Trust has a 12-month low of C$12.79 and a 12-month high of C$17.89. The firm has a market cap of C$519.36 million, a P/E ratio of -14.62 and a beta of 1.23.

Minto Apartment Real Estate Invt Trust Company Profile

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.