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

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$17.06.

A number of equities research analysts have recently issued reports on MI.UN shares. Raymond James Financial increased their price target on shares of Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Scotiabank upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$14.75 to C$18.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 6th. CIBC downgraded shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and raised their price target for the company from C$17.00 to C$18.00 in a report on Tuesday, January 6th. TD Securities reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, December 12th. Finally, National Bankshares upped their price target on shares of Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 6th.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of MI.UN opened at C$17.42 on Friday. Minto Apartment Real Estate Invt Trust has a 52-week low of C$11.94 and a 52-week high of C$17.69. The stock’s 50-day simple moving average is C$15.04 and its 200 day simple moving average is C$14.19. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. The stock has a market capitalization of C$675.93 million, a price-to-earnings ratio of 9.32 and a beta of 1.00.

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, Calgary and Vancouver.