Royal Bank of Canada Increases Minto Apartment Real Estate Invt Trust (MI.UN) Price Target to C$21.50

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Minto Apartment Real Estate Invt Trust (TSE:MI.UN) had its price target increased by Royal Bank of Canada from C$20.00 to C$21.50 in a research note published on Friday, March 22nd, AnalystRatings.com reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also recently issued reports on MI.UN. TD Securities increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$23.00 and gave the stock a buy rating in a research report on Thursday, March 21st. National Bank Financial increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.00 to C$21.00 and gave the stock a sector perform rating in a research report on Thursday, March 21st. CIBC raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$21.00 in a research report on Thursday, March 21st. Finally, Raymond James raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$20.00 to C$22.00 and gave the company an outperform rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of C$21.50.

Shares of MI.UN stock traded down C$0.05 during mid-day trading on Friday, reaching C$19.56. The company’s stock had a trading volume of 118,898 shares.

Minto Apartment Real Estate Invt Trust Company Profile

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, intends to own and operate a portfolio of income-producing multi-residential rental properties located in Canada. It focuses on acquiring interests in a portfolio of 22 multi-residential rental properties comprising an aggregate of 4,279 suites, 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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