Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has earned a consensus rating of “Buy” from the seven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$23.14.

A number of equities analysts recently weighed in on MI.UN shares. Royal Bank of Canada increased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.50 to C$23.50 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$22.75 to C$22.50 in a research report on Monday, April 22nd. CIBC lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$23.00 in a research report on Wednesday. National Bank Financial set a C$21.00 price objective on shares of Minto Apartment Real Estate Invt Trust and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. Finally, TD Securities lifted their price target on shares of Minto Apartment Real Estate Invt Trust from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Wednesday.

Shares of TSE MI.UN traded up C$0.58 during midday trading on Wednesday, reaching C$21.76. 89,802 shares of the stock were exchanged. The firm has a 50 day moving average of C$19.65. The stock has a market cap of $459.15 million and a PE ratio of 4.78. The company has a quick ratio of 0.06, a current ratio of 0.39 and a debt-to-equity ratio of 256.87. Minto Apartment Real Estate Invt Trust has a twelve month low of C$16.01 and a twelve month high of C$20.72.

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, Ottawa, Calgary and Edmonton.

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Analyst Recommendations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN)

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