Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Shares Up 0.3% - What's Next?

Key Points

• Shares rose modestly, trading up 0.3% to C$17.60 (intraday high C$17.63) on sharply lower volume of 24,898 shares versus a 166,223 average, while the stock sits near its 50‑day SMA (C$17.56) and above its 200‑day SMA (C$15.96).
• Analyst action and consensus: RBC cut the rating from "outperform" to "sector perform" but raised its price target to C$18.00; the consensus is a "Hold" (one Buy, seven Holds) with an average target of C$17.38.
• Weak recent fundamentals: latest quarter showed a C($6.24) EPS loss on C$38.92M revenue, negative ROE (-3.19%) and net margin (-22.43%), and a high debt‑to‑equity ratio of 101.09, with a market cap of C$644.74M.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) shares shot up 0.3% during mid-day trading on Thursday . The company traded as high as C$17.63 and last traded at C$17.60. 24,898 shares changed hands during trading, a decline of 85% from the average session volume of 166,223 shares. The stock had previously closed at C$17.55.

Analyst Ratings Changes

Separately, Royal Bank Of Canada cut Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and lifted their price objective for the company from C$16.50 to C$18.00 in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$17.38.

Minto Apartment Real Estate Invt Trust Price Performance

The stock has a market cap of C$644.74 million, a price-to-earnings ratio of -2.64 and a beta of 0.52. The company has a 50-day simple moving average of C$17.56 and a two-hundred day simple moving average of C$15.96. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C($6.24) earnings per share for the quarter. The company had revenue of C$38.92 million for the quarter. Minto Apartment Real Estate Invt Trust had a negative return on equity of 3.19% and a negative net margin of 22.43%. As a group, equities research analysts forecast that Minto Apartment Real Estate Invt Trust will post 1.0174984 EPS for the current year.

About Minto Apartment Real Estate Invt Trust

Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in urban markets in Canada. The REIT owns a portfolio of high-quality income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa, Calgary and Vancouver.

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