Brokerages Set Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT at C$20.27

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, 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 brokerages that have updated their coverage on the stock in the last year is C$19.98.

MI.UN has been the topic of a number of research reports. Canaccord Genuity Group upped their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Cormark increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a research report on Friday, March 15th. TD Securities lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Wednesday. National Bankshares lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.75 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, CIBC increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th.

Minto Apartment Real Estate Invt Trust Trading Down 0.1 %

TSE MI.UN opened at C$15.09 on Friday. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.81 and a 1-year high of C$17.89. 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 capitalization of C$602.09 million, a PE ratio of -5.17 and a beta of 1.18. The firm’s fifty day simple moving average is C$16.16 and its 200-day simple moving average is C$15.55.

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.