Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report) had its price objective cut by equities researchers at Royal Bank of Canada from C$22.00 to C$21.50 in a report released on Thursday, BayStreet.CA reports. Royal Bank of Canada’s price target suggests a potential upside of 36.94% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. TD Securities raised their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a report on Thursday. National Bankshares cut their price objective on Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.75 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Finally, Raymond James lowered their target price on Minto Apartment Real Estate Invt Trust from C$21.25 to C$20.25 and set an “outperform” rating for the company in a report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$20.02.
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Minto Apartment Real Estate Invt Trust Price Performance
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, Ottawa, Calgary and Edmonton.
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