Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$19.68.
A number of brokerages have recently commented on MI.UN. BMO Capital Markets cut their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research note on Thursday, November 14th. Scotiabank reduced their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th. Raymond James cut their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a report on Monday, January 13th. Finally, CIBC decreased their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th.
Get Our Latest Stock Report on MI.UN
Minto Apartment Real Estate Invt Trust Price Performance
Shares of MI.UN stock traded down C$0.11 during trading on Thursday, hitting C$13.07. The company had a trading volume of 151,321 shares, compared to its average volume of 184,660. The stock's 50-day moving average price is C$13.27 and its 200 day moving average price is C$14.77. Minto Apartment Real Estate Invt Trust has a one year low of C$12.65 and a one 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. The firm has a market capitalization of C$521.75 million, a P/E ratio of -14.69 and a beta of 1.23.
About Minto Apartment Real Estate Invt Trust
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Get Free ReportMinto 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.
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