Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Hits New 52-Week Low – Time to Sell?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) shares hit a new 52-week low on Friday . The company traded as low as C$12.99 and last traded at C$12.99, with a volume of 103618 shares. The stock had previously closed at C$13.27.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MI.UN. Raymond James increased their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a report on Thursday, November 14th. National Bankshares raised their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a report on Wednesday, October 9th. BMO Capital Markets decreased their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research note on Thursday, November 14th. Scotiabank dropped their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research report on Thursday, November 14th. Finally, CIBC decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Performance

The firm has a market cap of C$519.76 million, a PE ratio of -14.63 and a beta of 1.23. The firm’s 50 day simple moving average is C$13.87 and its 200 day simple moving average is C$15.19. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09.

About Minto Apartment Real Estate Invt Trust

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.