Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Lowered to “Sector Perform” Rating by Royal Bank Of Canada

Royal Bank Of Canada cut shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) from an outperform rating to a sector perform rating in a research report sent to investors on Tuesday,BayStreet.CA reports. Royal Bank Of Canada currently has C$18.00 price target on the stock, up from their previous price target of C$16.50.

Several other analysts have also recently commented on MI.UN. Canaccord Genuity Group cut shares of Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$15.50 to C$18.00 in a research note on Tuesday, January 6th. TD Securities decreased their target price on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, December 12th. Scotiabank lifted their price objective on Minto Apartment Real Estate Invt Trust from C$14.75 to C$18.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 6th. National Bankshares increased their target price on Minto Apartment Real Estate Invt Trust from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 6th. Finally, Raymond James Financial boosted their price target on shares of Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Minto Apartment Real Estate Invt Trust presently has an average rating of “Hold” and a consensus price target of C$17.11.

Minto Apartment Real Estate Invt Trust Trading Down 0.1%

Shares of MI.UN opened at C$17.54 on Tuesday. The firm has a market cap of C$642.54 million, a P/E ratio of 9.38 and a beta of 0.96. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. Minto Apartment Real Estate Invt Trust has a 1 year low of C$11.94 and a 1 year high of C$17.69. The company has a 50 day simple moving average of C$15.59 and a two-hundred day simple moving average of C$14.32.

About Minto Apartment Real Estate Invt Trust

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, Calgary and Vancouver.