Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) have been given an average rating of "Moderate Buy" by the nine analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$19.52.
Several analysts have weighed in on MI.UN shares. National Bankshares upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. Raymond James decreased their price target on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research report on Monday, January 13th. CIBC dropped their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. BMO Capital Markets decreased their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a report on Thursday, November 14th. Finally, Scotiabank cut their price target on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th.
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Shares of MI.UN opened at C$12.91 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The stock has a market cap of C$515.37 million, a PE ratio of -14.51 and a beta of 1.23. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.80 and a 1 year high of C$17.89. The stock has a 50 day simple moving average of C$13.73 and a 200-day simple moving average of C$15.12.
Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.
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