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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$12.65 and last traded at C$13.00, with a volume of 45285 shares changing hands. The stock had previously closed at C$13.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MI.UN shares. Raymond James decreased their price target on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research note on Monday, January 13th. BMO Capital Markets decreased their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research report on Thursday, November 14th. National Bankshares raised their price target on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. Scotiabank decreased their price objective 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 lowered 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.68.

Minto Apartment Real Estate Invt Trust Price Performance

The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. The company has a 50-day moving average price of C$13.45 and a two-hundred day moving average price of C$14.92. The company has a market cap of C$531.73 million, a PE ratio of -14.97 and a beta of 1.23.

Minto Apartment Real Estate Invt Trust Company Profile

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.