Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Receives Average Rating of “Hold” from Analysts

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$17.38.

A number of equities analysts have issued reports on MI.UN shares. Royal Bank Of Canada cut Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$16.50 to C$18.00 in a report on Tuesday, February 10th. Raymond James Financial increased their price target on Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Canaccord Genuity Group cut Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and increased their price target for the company from C$15.50 to C$18.00 in a research note on Tuesday, January 6th. Canadian Imperial Bank of Commerce cut Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and increased their price target for the company from C$17.00 to C$18.00 in a research note on Tuesday, January 6th. Finally, National Bank Financial increased their price target on Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 6th.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of MI.UN opened at C$17.70 on Thursday. Minto Apartment Real Estate Invt Trust has a 12-month low of C$12.51 and a 12-month high of C$17.72. The business has a 50-day simple moving average of C$17.55 and a two-hundred day simple moving average of C$15.56. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The stock has a market cap of C$648.40 million, a PE ratio of -2.65 and a beta of 0.47.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) last issued its earnings results on Wednesday, March 4th. The company reported C($6.24) earnings per share (EPS) for the quarter. Minto Apartment Real Estate Invt Trust had a negative return on equity of 3.19% and a negative net margin of 22.43%.The firm had revenue of C$38.92 million during the quarter. Analysts anticipate that Minto Apartment Real Estate Invt Trust will post 1.0174984 earnings per share for the current fiscal year.

About Minto Apartment Real Estate Invt Trust

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, Montreal, Ottawa, Calgary and Vancouver.