Analysts Set Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Target Price at C$19.68

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$19.68.

A number of research firms have commented on MI.UN. Raymond James lowered their price target on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research report on Monday, January 13th. BMO Capital Markets lowered their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research report on Thursday, November 14th. 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. Finally, Scotiabank reduced their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th.

Minto Apartment Real Estate Invt Trust Trading Down 0.3 %

TSE MI.UN opened at C$13.04 on Thursday. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.65 and a 1-year high of C$17.89. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The stock has a 50-day moving average of C$13.21 and a 200-day moving average of C$14.71. The firm has a market cap of C$520.56 million, a PE ratio of -14.65 and a beta of 1.23.

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.