Minto Apartment Real Estate Invt Trust (TSE:MI.UN) PT Lowered to C$25.50 at Royal Bank of Canada

Minto Apartment Real Estate Invt Trust (TSE:MI.UNGet Rating) had its price objective reduced by Royal Bank of Canada from C$29.00 to C$25.50 in a research report report published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. National Bankshares cut their target 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. Canaccord Genuity Group boosted 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. 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. Raymond James set a C$28.00 price objective on shares of Minto Apartment Real Estate Invt Trust and gave the company a strong-buy rating in a research report on Wednesday. Finally, Scotiabank cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$24.50 to C$23.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of C$25.98.

TSE:MI.UN opened at C$18.15 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.03 and a debt-to-equity ratio of 88.69. Minto Apartment Real Estate Invt Trust has a 12 month low of C$18.03 and a 12 month high of C$25.41. The company has a market cap of C$727.27 million and a PE ratio of 7.72. The company has a 50 day simple moving average of C$20.73 and a two-hundred day simple moving average of C$21.62.

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.

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