Minto Apartment Real Estate Investment Trust (TSE:MI.UN) Analysts Recommend 'Moderate Buy'

Shares of Minto Apartment Real Estate Investment Trust (TSE:MI.UN – Get Free Report) have received a consensus rating of "Moderate Buy" according to the nine ratings firms that are closely following the company, as reported by MarketBeat Ratings. Among these analysts, one has suggested a hold rating, while eight analysts have expressed a buy rating for the stock. The average twelve-month price target set by analysts for Minto Apartment REIT stands at C$19.98.

Recent research reports highlight some changes in the price targets for Minto Apartment REIT. BMO Capital Markets adjusted their target price down from C$19.00 to C$18.50 in their report released on October 28th. Similarly, Raymond James lowered their price target from C$20.25 to C$19.75 on August 15th. The Royal Bank of Canada also revised their target, reducing it from C$22.00 to C$21.50 on the same day. Meanwhile, National Bank increased their target from C$18.50 to C$18.75 on October 9th. Finally, TD Securities raised their target price from C$21.00 to C$22.00 on August 15th.

Minto Apartment Real Estate Investment Trust Stock Performance

As of Tuesday, the stock opened at C$14.02. The market capitalization of Minto Apartment REIT is approximately C$559.68 million. It has a price-to-earnings ratio of -15.75 and a beta value of 1.23, indicating how the stock moves compared to the market. Over the past year, the stock has reached a low of C$13.69 and a high of C$17.89. In terms of liquidity, the company shows a current ratio of 1.11, a quick ratio of 0.04, and a debt-to-equity ratio of 101.09. The moving averages for the last fifty days and two hundred days stand at C$15.88 and C$15.55, respectively.

About Minto Apartment Real Estate Investment Trust

Minto Apartment Real Estate Investment Trust specializes in owning and operating a portfolio of income-generating multi-residential rental properties situated in Canada. As of the end of 2020, the portfolio included interests in 29 multi-residential rental properties, comprising a mix of residential apartments and commercial buildings located in major cities such as Toronto, Ottawa, Montréal, Calgary, and Edmonton.

Additional Insights

Investors considering Minto Apartment REIT may find this consensus rating and recent adjustments by analysts useful when making investment decisions.

Minto, Investment, RealEstate