Royal Bank of Canada Increases Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Price Target to C$25.50

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price objective upped by Royal Bank of Canada from C$24.00 to C$25.50 in a research note published on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also weighed in on the stock. CIBC lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$23.00 to C$24.50 in a research note on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$22.50 to C$23.50 in a research note on Friday, August 16th. Raymond James reiterated an outperform rating and issued a C$25.00 price objective on shares of Minto Apartment Real Estate Invt Trust in a research note on Thursday, November 14th. Industrial Alliance Securities upgraded shares of Minto Apartment Real Estate Invt Trust from a buy rating to a strong-buy rating and lifted their price objective for the company from C$22.00 to C$25.00 in a research note on Wednesday, August 14th. Finally, TD Securities lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$26.00 to C$27.00 and gave the company a buy rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Minto Apartment Real Estate Invt Trust presently has a consensus rating of Buy and an average target price of C$25.00.

Minto Apartment Real Estate Invt Trust stock opened at C$22.79 on Friday. Minto Apartment Real Estate Invt Trust has a 1-year low of C$17.50 and a 1-year high of C$24.03. The firm has a market capitalization of $787.10 million and a price-to-earnings ratio of 5.00. The company has a current ratio of 0.39, a quick ratio of 0.06 and a debt-to-equity ratio of 146.90. The firm has a 50 day simple moving average of C$22.66 and a 200 day simple moving average of C$21.04.

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.

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Analyst Recommendations for Minto Apartment Real Estate Invt Trust (TSE:MI.UN)

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