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

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$20.27.

MI.UN has been the topic of a number of recent analyst reports. Scotiabank dropped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a “sector perform” rating on the stock in a research report on Monday, March 25th. National Bankshares increased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Desjardins increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the company a “buy” rating in a research report on Friday, March 8th. Royal Bank of Canada increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the company an “outperform” rating in a research report on Friday, March 8th. Finally, BMO Capital Markets increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, March 11th.

Minto Apartment Real Estate Invt Trust Trading Up 1.2 %

Shares of TSE:MI.UN opened at C$14.75 on Friday. Minto Apartment Real Estate Invt Trust has a 52 week low of C$12.81 and a 52 week high of C$17.89. The company’s 50 day moving average is C$16.28 and its two-hundred day moving average is C$15.48. The company has a current ratio of 1.16, a quick ratio of 0.04 and a debt-to-equity ratio of 107.96. The company has a market cap of C$588.53 million, a PE ratio of -5.05 and a beta of 1.18.

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, Ottawa, Calgary and Edmonton.