Analysts Set Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Target Price at C$19.52

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$19.68.

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

Minto Apartment Real Estate Invt Trust Trading Up 1.3 %

TSE MI.UN opened at C$13.01 on Friday. The company’s fifty day moving average price is C$13.61 and its two-hundred day moving average price is C$15.04. The company has a market capitalization of C$519.36 million, a price-to-earnings ratio of -14.62 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 12 month low of C$12.79 and a 12 month high of C$17.89. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04.

Minto Apartment Real Estate Invt Trust Company Profile

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.