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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has received a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$17.11.

Several analysts have recently issued reports on MI.UN shares. Royal Bank Of Canada cut shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$16.50 to C$18.00 in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce downgraded shares of 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 note on Tuesday, January 6th. Canaccord Genuity Group cut shares of Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and raised their price target for the company from C$15.50 to C$18.00 in a research report on Tuesday, January 6th. Raymond James Financial upped their price objective on Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Finally, TD Securities reduced 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 research note on Friday, December 12th.

Minto Apartment Real Estate Invt Trust Price Performance

MI.UN opened at C$17.60 on Wednesday. The stock’s 50-day moving average price is C$16.89 and its 200 day moving average price is C$14.72. 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 firm has a market cap of C$644.74 million, a price-to-earnings ratio of 9.42 and a beta of 0.96. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09.

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.