Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Reaches New 52-Week Low – Here’s What Happened

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$12.79 and last traded at C$12.80, with a volume of 15337 shares changing hands. The stock had previously closed at C$12.84.

Analyst Ratings Changes

Several analysts have weighed in on the company. Raymond James dropped their price objective on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a report on Monday, January 13th. 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 note on Thursday, November 14th. CIBC reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research note on Thursday, November 14th. National Bankshares upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. Finally, BMO Capital Markets reduced their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to 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 Up 0.5 %

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 company has a market capitalization of C$514.97 million, a P/E ratio of -14.49 and a beta of 1.23. The firm has a fifty day simple moving average of C$13.63 and a 200-day simple moving average of C$15.05.

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.