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

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned an average rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$17.06.

Several research analysts have weighed in on MI.UN shares. National Bankshares upped their target price 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 research report on Tuesday, January 6th. Scotiabank boosted 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 note on Tuesday, January 6th. CIBC cut Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and upped their price target for the stock from C$17.00 to C$18.00 in a report on Tuesday, January 6th. TD Securities reduced their price objective 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 report on Friday, December 12th. Finally, Canaccord Genuity Group downgraded Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$15.50 to C$18.00 in a research report on Tuesday, January 6th.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of MI.UN opened at C$17.44 on Friday. The company has a 50-day simple moving average of C$15.27 and a 200-day simple moving average of C$14.24. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The company has a market capitalization of C$676.71 million, a PE ratio of 9.33 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.

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.