Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives Average Recommendation of “Hold” from Brokerages

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$17.06.

Several brokerages recently issued reports on MI.UN. Scotiabank upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$14.75 to C$18.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 6th. National Bankshares lifted their price target on Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 6th. Canaccord Genuity Group cut Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$15.50 to C$18.00 in a report on Tuesday, January 6th. TD Securities lowered their price objective on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, December 12th. Finally, CIBC cut Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and boosted their target price for the company from C$17.00 to C$18.00 in a research note on Tuesday, January 6th.

Minto Apartment Real Estate Invt Trust Price Performance

MI.UN stock opened at C$17.42 on Friday. The firm has a 50 day simple moving average of C$15.04 and a two-hundred day simple moving average of C$14.19. The stock has a market cap of C$675.93 million, a PE ratio of 9.32 and a beta of 1.00. Minto Apartment Real Estate Invt Trust has a one year low of C$11.94 and a one year high of C$17.69. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04.

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, Montreal, Ottawa, Calgary and Vancouver.