Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Given New C$19.50 Price Target at Royal Bank of Canada

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its target price cut by research analysts at Royal Bank of Canada from C$20.50 to C$19.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 49.65% from the company’s previous close.

MI.UN has been the topic of a number of other reports. BMO Capital Markets reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday. National Bankshares cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating on the stock in a report on Friday. Desjardins dropped their target price on shares of Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating for the company in a research report on Friday. Raymond James reduced their price target on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research report on Monday, January 13th. Finally, CIBC dropped their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Minto Apartment Real Estate Invt Trust has an average rating of “Moderate Buy” and a consensus target price of C$17.98.

Minto Apartment Real Estate Invt Trust Trading Up 0.2 %

Shares of TSE:MI.UN traded up C$0.02 during mid-day trading on Friday, hitting C$13.03. The stock had a trading volume of 112,558 shares, compared to its average volume of 191,517. The company has a market cap of C$520.16 million, a PE ratio of -14.64 and a beta of 1.23. The company’s 50 day moving average is C$13.18 and its 200-day moving average is C$14.53. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. Minto Apartment Real Estate Invt Trust has a 12-month low of C$12.63 and a 12-month high of C$17.37.

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, Montreal, Ottawa and Calgary.