Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given Average Rating of “Hold” by Analysts

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$17.11.

MI.UN has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce downgraded Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from C$17.00 to C$18.00 in a research report on Tuesday, January 6th. TD Securities lowered their price target on 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. Canaccord Genuity Group lowered shares of Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and lifted their target price for the company from C$15.50 to C$18.00 in a research note on Tuesday, January 6th. Royal Bank Of Canada downgraded shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$16.50 to C$18.00 in a research note on Tuesday, February 10th. Finally, National Bank Financial raised their price objective 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 Down 0.3%

Shares of TSE MI.UN opened at C$17.55 on Wednesday. The business has a 50-day simple moving average of C$16.72 and a two-hundred day simple moving average of C$14.66. The company has a market cap of C$642.91 million, a P/E ratio of 9.39 and a beta of 0.96. 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 company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09.

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.