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 - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$17.75.

Several research analysts recently weighed in on the company. Scotiabank reduced their price target on Minto Apartment Real Estate Invt Trust from C$17.50 to C$16.50 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Raymond James cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an "outperform" rating for the company in a report on Friday, March 7th. BMO Capital Markets lowered their price target on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a report on Thursday, March 6th. Desjardins cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, National Bankshares decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an "outperform" rating for the company in a research report on Friday, March 7th.

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Minto Apartment Real Estate Invt Trust Stock Performance

Shares of MI.UN stock traded up C$0.20 during mid-day trading on Monday, reaching C$13.09. The stock had a trading volume of 110,637 shares, compared to its average volume of 191,266. 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$12.63 and a 1-year high of C$17.34. The firm has a market cap of C$522.55 million, a price-to-earnings ratio of -14.71 and a beta of 1.23. The business's fifty day moving average is C$13.15 and its 200-day moving average is C$14.43.

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.