Brokerages Set Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target at C$15.67

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

A number of analysts have recently commented on the company. 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 note on Friday, December 12th. National Bankshares raised their price objective on Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Canaccord Genuity Group lowered Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$15.50 to C$18.00 in a report on Tuesday. CIBC downgraded Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and increased their price target for the stock from C$17.00 to C$18.00 in a report on Tuesday. Finally, Scotiabank raised their price target on Minto Apartment Real Estate Invt Trust from C$14.75 to C$18.00 and gave the stock a “sector perform” rating in a research report on Tuesday.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of MI.UN stock opened at C$17.51 on Tuesday. Minto Apartment Real Estate Invt Trust has a 52 week low of C$11.94 and a 52 week high of C$17.54. The stock’s fifty day moving average is C$13.73 and its 200-day moving average is C$13.84. 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$641.44 million, a PE ratio of 9.37 and a beta of 1.00.

About Minto Apartment Real Estate Invt Trust

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.