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 an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation 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$17.41.

Several brokerages recently commented on MI.UN. Desjardins decreased their price target on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating on the stock in a research note on Friday, March 7th. Royal Bank of Canada decreased their price target on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating on the stock in a research note on Friday, March 7th. BMO Capital Markets decreased their price target on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research note on Thursday, March 6th. CIBC decreased their price target on Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Finally, Raymond James decreased their price target on Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th.

Minto Apartment Real Estate Invt Trust Stock Performance

MI.UN opened at C$13.24 on Monday. The stock has a market cap of C$528.54 million, a PE ratio of -14.88 and a beta of 1.23. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.63 and a 1 year high of C$17.34. The stock’s 50 day simple moving average is C$13.14 and its 200-day simple moving average is C$14.38.

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.