M
into Apartment Real Estate Invt Trust (TSE:MI.UN) has received a "Moderate Buy" rating from seven research firms, according to Marketbeat Ratings. Three analysts have recommended holding the stock, while four have suggested buying it. The average 12-month target price among these firms is C$15.81.
Several analysts have recently commented on MI.UN shares. Royal Bank of Canada lowered its price objective from C$19.50 to C$17.50 and maintained an "outperform" rating. TD Securities cut its target price from C$18.00 to C$17.00, while setting a "buy" rating. Raymond James downgraded the stock from "outperform" to "market perform," reducing its price objective to C$15.00.
Other analysts have also made changes to their recommendations and price targets for MI.UN. Desjardins reduced its target price from C$16.50 to C$15.50, while maintaining a "buy" rating. National Bankshares downgraded the stock from "outperform" to "sector perform," lowering its target price to C$14.00.
Minto Apartment Real Estate Invt Trust's stock opened at C$12.62 on Friday, with a 50-day moving average of C$13.02 and a 200-day moving average of C$13.32. The company has a market capitalization of C$503.79 million, a P/E ratio of -14.18, and a beta of 1.23.
The REIT owns a portfolio of high-quality income-producing multi-residential rental properties in urban markets across Canada, including Toronto, Montreal, Ottawa, and Calgary.
