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

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$19.52.

MI.UN has been the topic of a number of recent research reports. BMO Capital Markets lowered their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research note on Thursday, November 14th. National Bankshares raised their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. Raymond James lowered their price objective on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research note on Monday, January 13th. Scotiabank lowered their price objective on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday, November 14th. Finally, CIBC reduced their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of TSE MI.UN opened at C$12.91 on Friday. The firm has a market cap of C$515.37 million, a P/E ratio of -14.51 and a beta of 1.23. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.80 and a 1-year high of C$17.89. The business’s 50 day moving average is C$13.73 and its 200-day moving average is C$15.12.

About Minto Apartment Real Estate Invt Trust

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.