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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has received a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$27.08.

A number of brokerages have recently issued reports on MI.UN. Royal Bank of Canada boosted their target price on shares of Minto Apartment Real Estate Invt Trust from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research report on Monday, November 15th. BMO Capital Markets upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$28.00 to C$28.50 in a research report on Friday, November 12th. National Bankshares set a C$26.25 price objective on shares of Minto Apartment Real Estate Invt Trust and gave the stock a “sector perform” rating in a research report on Monday, November 1st. Raymond James set a C$28.00 price objective on shares of Minto Apartment Real Estate Invt Trust and gave the stock a “strong-buy” rating in a research report on Friday, November 12th. Finally, CIBC lifted their price target on shares of Minto Apartment Real Estate Invt Trust from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Friday, November 12th.

Shares of Minto Apartment Real Estate Invt Trust stock traded down C$0.30 during trading on Friday, reaching C$22.16. The company’s stock had a trading volume of 28,983 shares, compared to its average volume of 85,775. The business’s 50-day moving average price is C$22.02 and its 200-day moving average price is C$23.05. The firm has a market cap of C$887.95 million and a PE ratio of 8.83. Minto Apartment Real Estate Invt Trust has a 52 week low of C$18.37 and a 52 week high of C$25.41. The company has a quick ratio of 0.07, a current ratio of 0.88 and a debt-to-equity ratio of 97.14.

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, Ottawa, Calgary and Edmonton.

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

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