Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$20.27 Average Target Price from Brokerages

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$20.27.

A number of research firms have weighed in on MI.UN. Cormark boosted their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a research note on Friday, March 15th. Desjardins boosted their price objective on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Canaccord Genuity Group boosted their price objective on Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. TD Securities boosted their price objective on Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Finally, Scotiabank lowered their price objective on Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a “sector perform” rating on the stock in a research note on Monday, March 25th.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN opened at C$15.52 on Friday. The company has a debt-to-equity ratio of 107.96, a current ratio of 1.16 and a quick ratio of 0.04. The business’s 50 day moving average price is C$16.19 and its 200-day moving average price is C$15.55. The firm has a market capitalization of C$619.25 million, a PE ratio of -5.32 and a beta of 1.18. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.81 and a 1 year high of C$17.89.

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.