Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives C$23.92 Average Target Price from Analysts

Minto Apartment Real Estate Invt Trust (TSE:MI.UNGet Rating) has been assigned a consensus rating of “Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$23.92.

Several research analysts have recently issued reports on MI.UN shares. Scotiabank lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$23.00 to C$20.50 in a report on Thursday, August 11th. National Bankshares increased their price target on shares of Minto Apartment Real Estate Invt Trust from C$16.25 to C$17.50 and gave the stock an “outperform” rating in a research note on Thursday, August 11th. CIBC decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Thursday, August 11th. Finally, Raymond James decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$26.00 to C$22.00 and set a “strong-buy” rating for the company in a research note on Thursday, August 11th.

Minto Apartment Real Estate Invt Trust Trading Down 0.5 %

TSE MI.UN opened at C$14.72 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.43 and a debt-to-equity ratio of 88.18. Minto Apartment Real Estate Invt Trust has a 52 week low of C$13.94 and a 52 week high of C$24.30. The stock has a market capitalization of C$533.97 million and a PE ratio of 1.79. The firm has a 50 day moving average of C$15.14 and a two-hundred day moving average of C$17.39.

About Minto Apartment Real Estate Invt Trust

(Get Rating)

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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