Minto Apartment Real Estate Invt Trust (TSE: MI.UN) Receives Analyst Average ‘Buy’ Rating

Shares of Minto Apartment Real Estate Invt Trust (TSE: MI.UN) have received a consensus “Buy” recommendation from the nine brokerages that cover the company, reports Marketbeat Ratings. Two equity research analysts rated the stock with a hold recommendation, three issued a buy recommendation, and one gave the company a strong buy recommendation. The 12-month average price target among brokers who hedged the stock in the past year is C $ 27.08.

A number of equity research analysts have published reports on the company. TD Securities reissued a “buy” rating and set a price target of Cdn $ 28.00 on shares of Minto Apartment Real Estate Invt Trust in a research report released on Friday, October 29. BMO Capital Markets raised its price target for Minto Apartment Real Estate Invt Trust from C $ 28.00 to C $ 28.50 in a research report released on Friday, November 12. National Bank Financial reissued a “sector performance” rating and set a price target of C $ 26.25 on Minto Apartment Real Estate Invt Trust shares in a research report on Monday, November 1. National Bankshares set a target price of C $ 26.25 for Minto Apartment Real Estate Invt Trust and assigned a rating of “sector performance” to the stock in a research report released on Monday, November 1. Finally, Scotiabank lowered its target price on Minto Apartment Real Estate Invt Trust from C $ 24.50 to C $ 24.25 in a research report released on Monday, November 15.

Shares of TSE: MI.UN traded up C $ 0.08 during the midday session Friday, reaching C $ 21.65. The company’s shares had a trading volume of 64,069 shares, compared to its average volume of 103,949. The company has a market capitalization of C $ 867.52 million and a price-to-earnings ratio of 8.51. The company has a quick ratio of 0.07, a current ratio of 0.88, and a debt ratio of 97.14. Minto Apartment Real Estate Invt Trust has a one year minimum at C $ 18.37 and a one year maximum at C $ 25.41. The company has a 50-day moving average price of CA $ 22.09 and a 200-day moving average price of CA $ 23.07.

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About Minto Apartment Real Estate Invt Trust

Minto Apartment Real Estate Investment Trust is an unincorporated open-ended real estate investment trust established by a Declaration of Trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in urban markets of 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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