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


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Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$23.59.

MI.UN has been the topic of several recent analyst reports. Scotiabank upped their price target on Minto Apartment Real Estate Invt Trust from C$22.00 to C$22.75 in a research report on Monday, March 15th. National Bankshares upped their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 and gave the stock a “sector perform” rating in a research note on Monday, March 15th. Royal Bank of Canada upped their price target on Minto Apartment Real Estate Invt Trust from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Monday, March 15th. CIBC increased their target price on Minto Apartment Real Estate Invt Trust from C$22.00 to C$23.00 and gave the stock a “na” rating in a report on Monday, March 15th. Finally, Raymond James increased their target price on Minto Apartment Real Estate Invt Trust from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a report on Wednesday, March 31st.

Shares of MI.UN traded down C$0.10 during midday trading on Tuesday, reaching C$21.97. The stock had a trading volume of 47,161 shares, compared to its average volume of 125,865. Minto Apartment Real Estate Invt Trust has a 52 week low of C$15.84 and a 52 week high of C$22.48. The company has a debt-to-equity ratio of 100.12, a current ratio of 0.61 and a quick ratio of 0.04. The firm’s 50 day moving average price is C$21.72 and its 200-day moving average price is C$19.86. The company has a market capitalization of C$796.96 million and a P/E ratio of 4.44.

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.

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

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