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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) was downgraded by investment analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research note issued on Tuesday,BayStreet.CA reports. They currently have a C$18.00 price target on the stock, up from their previous price target of C$16.50. Royal Bank Of Canada’s price objective points to a potential upside of 2.68% from the stock’s current price.

A number of other research analysts also recently issued reports on MI.UN. TD Securities dropped their target price on shares of 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 upped their price target 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. Canadian Imperial Bank of Commerce downgraded Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$17.00 to C$18.00 in a report on Tuesday, January 6th. Canaccord Genuity Group downgraded shares of Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and lifted their price target for the company from C$15.50 to C$18.00 in a research report on Tuesday, January 6th. Finally, Raymond James Financial raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Minto Apartment Real Estate Invt Trust has a consensus rating of “Hold” and an average price target of C$17.11.

Minto Apartment Real Estate Invt Trust Trading Down 0.2%

Minto Apartment Real Estate Invt Trust stock traded down C$0.03 during trading hours on Tuesday, reaching C$17.53. 30,699 shares of the company’s stock were exchanged, compared to its average volume of 327,865. The firm has a market capitalization of C$642.18 million, a PE ratio of 9.38 and a beta of 0.96. 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 firm’s 50 day simple moving average is C$15.51 and its 200 day simple moving average is C$14.30. Minto Apartment Real Estate Invt Trust has a twelve month low of C$11.94 and a twelve month high of C$17.69.

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, Calgary and Vancouver.