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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has been given an average recommendation of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$17.38.

Several equities analysts have recently commented on MI.UN shares. Royal Bank Of Canada downgraded shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$16.50 to C$18.00 in a research note on Tuesday, February 10th. TD Securities cut their target price 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. Raymond James Financial boosted 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. Canadian Imperial Bank of Commerce lowered Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and upped their price target for the company from C$17.00 to C$18.00 in a research report on Tuesday, January 6th. Finally, Canaccord Genuity Group cut Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$15.50 to C$18.00 in a report on Tuesday, January 6th.

Minto Apartment Real Estate Invt Trust Stock Up 0.1%

Shares of Minto Apartment Real Estate Invt Trust stock opened at C$17.58 on Friday. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. Minto Apartment Real Estate Invt Trust has a 52-week low of C$11.94 and a 52-week high of C$17.69. The company’s 50 day moving average price is C$17.51 and its 200-day moving average price is C$15.21. The stock has a market capitalization of C$644.01 million, a price-to-earnings ratio of -2.64 and a beta of 0.58.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C($6.24) EPS for the quarter. The firm had revenue of C$38.92 million for the quarter. Minto Apartment Real Estate Invt Trust had a negative net margin of 22.43% and a negative return on equity of 3.19%. Equities research analysts forecast that Minto Apartment Real Estate Invt Trust will post 1.0174984 EPS for the current year.

Minto Apartment Real Estate Invt Trust Company Profile

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.