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

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have earned an average recommendation of “Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$24.28.

MI.UN has been the subject of a number of research analyst reports. CIBC dropped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$25.50 to C$24.00 in a research note on Friday, May 8th. Raymond James set a C$24.00 price objective on shares of Minto Apartment Real Estate Invt Trust and gave the company an “outperform” rating in a research note on Friday, May 8th. Scotiabank set a C$23.00 target price on shares of Minto Apartment Real Estate Invt Trust and gave the stock a “sector perform” rating in a research report on Tuesday. BMO Capital Markets dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$24.50 to C$23.00 in a research report on Monday, May 11th. Finally, TD Securities increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Friday, May 8th.

Shares of TSE MI.UN traded down C$0.11 on Tuesday, reaching C$19.97. 141,864 shares of the company traded hands. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C$15.58 and a fifty-two week high of C$28.31. The company has a 50 day moving average of C$20.27 and a 200 day moving average of C$22.09. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 119.96. The stock has a market capitalization of $724.41 million and a PE ratio of 5.72.

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, Ottawa, Calgary and Edmonton.

Featured Article: What does an equal weight rating mean?

Analyst Recommendations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN)

Receive News & Ratings for Minto Apartment Real Estate Invt Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minto Apartment Real Estate Invt Trust and related companies with MarketBeat.com's FREE daily email newsletter.