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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$20.02.

Several brokerages recently commented on MI.UN. National Bankshares lifted their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. TD Securities boosted their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a report on Thursday, August 15th. Raymond James decreased their target price on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research report on Thursday, August 15th. Finally, Royal Bank of Canada cut their price target on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research report on Thursday, August 15th.

Minto Apartment Real Estate Invt Trust Stock Up 1.3 %

Minto Apartment Real Estate Invt Trust stock opened at C$15.91 on Friday. The stock has a market cap of C$635.13 million, a PE ratio of -17.88 and a beta of 1.23. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. The stock’s fifty day moving average is C$16.32 and its two-hundred day moving average is C$15.61. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.81 and a 1-year high of C$17.89.

About Minto Apartment Real Estate Invt Trust

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.