Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Sets New 12-Month Low – Here’s What Happened

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$13.24 and last traded at C$13.26, with a volume of 247330 shares. The stock had previously closed at C$13.51.

Analysts Set New Price Targets

MI.UN has been the subject of several research reports. Raymond James increased their price target on Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a research note on Thursday, November 14th. Scotiabank cut their target price on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday, November 14th. National Bankshares boosted their price target 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. BMO Capital Markets dropped 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. Finally, CIBC lowered their price target on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$19.68.

Minto Apartment Real Estate Invt Trust Trading Down 2.1 %

The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The company has a market cap of C$528.14 million, a PE ratio of -14.87 and a beta of 1.23. The stock has a 50 day moving average price of C$14.58 and a 200 day moving average price of C$15.40.

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.