Minto Apartment Real Estate Invt Trust (TSE: MI.UN) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Minto Apartment Real Estate Invt Trust (TSE: MI.UN – Get Rating) have been assigned an average rating of “Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C $ 25.98.

MI.UN has been the subject of a number of research analyst reports. TD Securities reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C $ 28.00 to C $ 27.00 and set a “buy” rating for the company in a research report on Thursday, May 5th. National Bankshares cut their objective price on shares of Minto Apartment Real Estate Invt Trust from C $ 26.25 to C $ 24.50 in a research report on Wednesday, April 27th. BMO Capital Markets cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C $ 29.00 to C $ 26.00 in a research report on Thursday, May 5th. Canaccord Genuity Group raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C $ 26.50 to C $ 28.50 in a research report on Thursday, March 10th. Finally, Royal Bank of Canada cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C $ 29.00 to C $ 25.50 and set an “outperform” rating on the stock in a research report on Thursday, May 5th.

(Ad)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

Shares of MI.UN traded down C $ 0.19 during midday trading on Wednesday, hitting C $ 17.31. The stock had a trading volume of 47,795 shares, compared to its average volume of 130,356. Minto Apartment Real Estate Invt Trust has a fifty-two week low of C $ 17.26 and a fifty-two week high of C $ 25.41. The business has a 50-day simple moving average of C $ 19.20 and a two-hundred day simple moving average of C $ 20.88. The firm has a market cap of C $ 693.61 million and a P / E ratio of 4.67. The company has a current ratio of 0.55, a quick ratio of 0.03 and a debt-to-equity ratio of 87.95.

Minto Apartment Real Estate Invt Trust Company Profile (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.

See Also

Analyst Recommendations for Minto Apartment Real Estate Invt Trust (TSE: MI.UN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Minto Apartment Real Estate Invt Trust right now?

Before you consider Minto Apartment Real Estate Invt Trust, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on … and Minto Apartment Real Estate Invt Trust was not on the list.

While Minto Apartment Real Estate Invt Trust currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

.

Leave a Comment