Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$15.67 Consensus Price Target from Brokerages

by · The Cerbat Gem

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$17.06.

Several research analysts have weighed in on the company. CIBC lowered Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and upped their target price for the stock from C$17.00 to C$18.00 in a research report on Tuesday, January 6th. Raymond James Financial lifted their price target on Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. TD Securities dropped their price objective on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Friday, December 12th. Scotiabank raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$14.75 to C$18.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 6th. Finally, National Bankshares lifted their target price on shares of Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 6th.

Get Our Latest Stock Analysis on MI.UN

Minto Apartment Real Estate Invt Trust Trading Down 0.2%

Minto Apartment Real Estate Invt Trust stock opened at C$17.57 on Tuesday. Minto Apartment Real Estate Invt Trust has a 12 month low of C$11.94 and a 12 month high of C$17.69. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The stock has a market cap of C$681.75 million, a P/E ratio of 9.40 and a beta of 1.00. The company’s fifty day simple moving average is C$13.89 and its 200-day simple moving average is C$13.88.

Minto Apartment Real Estate Invt Trust Company Profile

(Get Free Report)

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, Calgary and Vancouver.

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