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 research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$19.68.
A number of research analysts have recently weighed in on the company. Raymond James lifted their price target on Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a report on Thursday, November 14th. Scotiabank lowered their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday, November 14th. CIBC reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. Royal Bank of Canada decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a report on Thursday, August 15th. Finally, BMO Capital Markets cut their target price 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.
Read Our Latest Stock Report on MI.UN
Minto Apartment Real Estate Invt Trust Trading Up 0.4 %
Shares of TSE:MI.UN traded up C$0.06 during midday trading on Friday, reaching C$14.76. The company had a trading volume of 52,849 shares, compared to its average volume of 90,557. The company has a fifty day simple moving average of C$15.16 and a two-hundred day simple moving average of C$15.47. The firm has a market cap of C$589.22 million, a price-to-earnings ratio of -16.58 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 1-year low of C$13.69 and a 1-year high of C$17.89. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11.
About Minto Apartment Real Estate Invt Trust
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Get Free ReportMinto 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.
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