Brokerages Set Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Target Price at C$17.75

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$17.41.

A number of research analysts recently issued reports on MI.UN shares. National Bankshares decreased their price objective on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating for the company in a report on Friday, March 7th. Raymond James decreased their price objective on 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. Royal Bank of Canada decreased their price objective on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating for the company in a report on Friday, March 7th. BMO Capital Markets reduced their price target on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday, March 6th. Finally, 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.

Minto Apartment Real Estate Invt Trust Stock Up 1.1 %

TSE:MI.UN opened at C$13.24 on Monday. 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 company has a market cap of C$528.54 million, a PE ratio of -14.88 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 52-week low of C$12.63 and a 52-week high of C$17.34. The stock has a 50-day simple moving average of C$13.14 and a 200 day simple moving average of C$14.38.

Minto Apartment Real Estate Invt Trust Company Profile

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.