Royal Bank of Canada Lowers Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$21.50

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target cut by Royal Bank of Canada from C$22.00 to C$21.50 in a report released on Thursday, BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the company. National Bankshares lowered their price objective on Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.75 and set an outperform rating on the stock in a research report on Wednesday, April 24th. Raymond James decreased their target price on Minto Apartment Real Estate Invt Trust from C$21.25 to C$20.25 and set an outperform rating on the stock in a research note on Wednesday, April 24th. Finally, TD Securities lifted their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research report on Thursday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Minto Apartment Real Estate Invt Trust currently has an average rating of Moderate Buy and a consensus price target of C$20.02.

Minto Apartment Real Estate Invt Trust Stock Performance

TSE MI.UN opened at C$15.68 on Thursday. The company’s 50 day simple moving average is C$15.40 and its two-hundred day simple moving average is C$15.68. The company has a debt-to-equity ratio of 101.78, a current ratio of 1.52 and a quick ratio of 0.04. Minto Apartment Real Estate Invt Trust has a 1 year low of C$12.81 and a 1 year high of C$17.89. The stock has a market capitalization of C$625.79 million, a PE ratio of -5.62 and a beta of 1.22.

Minto Apartment Real Estate Invt Trust Company Profile

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.