Brokerages Set Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target at C$19.68

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$19.68.

MI.UN has been the subject of several research reports. BMO Capital Markets reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research report on Thursday, November 14th. Raymond James boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a research report on Thursday, November 14th. CIBC decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. National Bankshares boosted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. Finally, Scotiabank decreased their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of MI.UN opened at C$13.35 on Wednesday. The firm has a market capitalization of C$532.93 million, a P/E ratio of -15.00 and a beta of 1.23. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. Minto Apartment Real Estate Invt Trust has a one year low of C$12.99 and a one year high of C$17.89. The business has a fifty day moving average of C$14.19 and a 200 day moving average of C$15.29.

Minto Apartment Real Estate Invt Trust Company Profile

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.