Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has received an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One equities 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 target among brokers that have issued a report on the stock in the last year is C$19.52.

A number of analysts recently commented on MI.UN shares. CIBC decreased their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. Scotiabank decreased their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. National Bankshares boosted their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. BMO Capital Markets decreased their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research report on Thursday, November 14th. Finally, Raymond James decreased their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research report on Monday, January 13th.

Minto Apartment Real Estate Invt Trust Stock Performance

MI.UN stock opened at C$12.91 on Friday. The stock has a 50-day moving average price of C$13.73 and a 200-day moving average price of C$15.12. Minto Apartment Real Estate Invt Trust has a 1-year low of C$12.80 and a 1-year high of C$17.89. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The firm has a market cap of C$515.37 million, a PE ratio of -14.51 and a beta of 1.23.

About Minto Apartment Real Estate Invt Trust

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.