Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$17.75 Average Price Target from Brokerages

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$17.75.

MI.UN has been the subject of several research reports. Desjardins cut their price target on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating for the company in a research note on Friday, March 7th. National Bankshares reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating for the company in a research note on Friday, March 7th. Scotiabank cut their target price on Minto Apartment Real Estate Invt Trust from C$17.50 to C$16.50 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Royal Bank of Canada decreased their price target on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Finally, Raymond James cut their price target on shares of Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an “outperform” rating for the company in a report on Friday, March 7th.

Minto Apartment Real Estate Invt Trust Price Performance

MI.UN stock opened at C$12.89 on Monday. 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 business has a 50-day simple moving average of C$13.15 and a two-hundred day simple moving average of C$14.43. The company has a market capitalization of C$514.57 million, a P/E ratio of -14.48 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 52-week low of C$12.63 and a 52-week high of C$17.34.

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 and Calgary.