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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective cut by Royal Bank of Canada from C$20.50 to C$19.50 in a report released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on the company. Raymond James reduced their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a report on Monday, January 13th. Desjardins reduced their target price on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating on the stock in a report on Friday. National Bankshares reduced their target price on 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. BMO Capital Markets reduced their target price on Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a report on Thursday. Finally, CIBC reduced their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.98.

Minto Apartment Real Estate Invt Trust Price Performance

Shares of Minto Apartment Real Estate Invt Trust stock opened at C$13.06 on Friday. Minto Apartment Real Estate Invt Trust has a 52 week low of C$12.63 and a 52 week high of C$17.37. 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’s 50-day simple moving average is C$13.18 and its 200-day simple moving average is C$14.52. The company has a market capitalization of C$521.36 million, a price-to-earnings ratio of -14.67 and a beta of 1.23.

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.