Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives Average Rating of “Moderate Buy” from Analysts

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$20.27.

MI.UN has been the subject of several research analyst reports. National Bankshares upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$20.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. Raymond James upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$20.25 to C$21.25 and gave the stock an “outperform” rating in a report on Friday, March 8th. Royal Bank of Canada upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.50 and gave the stock an “outperform” rating in a report on Friday, March 8th. BMO Capital Markets upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a report on Monday, March 11th. Finally, CIBC upped their price objective 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 report on Friday, March 8th.

Minto Apartment Real Estate Invt Trust Stock Up 1.2 %

Minto Apartment Real Estate Invt Trust stock opened at C$14.75 on Friday. The company has a 50-day simple moving average of C$16.28 and a 200-day simple moving average of C$15.48. The firm has a market capitalization of C$588.53 million, a P/E ratio of -5.05 and a beta of 1.18. The company has a debt-to-equity ratio of 107.96, a quick ratio of 0.04 and a current ratio of 1.16. Minto Apartment Real Estate Invt Trust has a one year low of C$12.81 and a one year high of C$17.89.

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.