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

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One 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 target among brokers that have covered the stock in the last year is C$19.68.

Several research firms have recently issued reports on MI.UN. BMO Capital Markets reduced their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research report on Thursday, November 14th. TD Securities raised 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. Royal Bank of Canada lowered their price target on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a research note on Thursday, August 15th. CIBC reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research note on Thursday, November 14th. Finally, National Bankshares upped their target price 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.

Minto Apartment Real Estate Invt Trust Trading Up 0.4 %

Shares of TSE MI.UN opened at C$14.76 on Friday. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$13.69 and a fifty-two week high of C$17.89. The firm has a market capitalization of C$589.22 million, a P/E ratio of -16.58 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 company’s 50 day simple moving average is C$15.21 and its 200 day simple moving average is C$15.48.

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.