Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$19.68 Consensus Target Price from Brokerages

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One 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 analysts that have covered the stock in the last year is C$19.68.

MI.UN has been the subject of a number of analyst reports. BMO Capital Markets dropped their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research report on Thursday, November 14th. National Bankshares lifted their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a report on Wednesday, October 9th. CIBC cut their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. Scotiabank decreased their price target on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. Finally, Raymond James upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a research report on Thursday, November 14th.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of MI.UN stock traded up C$0.07 during midday trading on Wednesday, hitting C$13.23. 72,608 shares of the company were exchanged, compared to its average volume of 97,474. The firm has a market capitalization of C$528.14 million, a P/E ratio of -14.87 and a beta of 1.23. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. Minto Apartment Real Estate Invt Trust has a 52 week low of C$12.99 and a 52 week high of C$17.89. The firm's 50 day moving average price is C$14.29 and its two-hundred day moving average price is C$15.31.

Minto Apartment Real Estate Invt Trust Company Profile

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.