Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Trading 1.2% Higher - Time to Buy?

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) rose 1.2% during mid-day trading on Wednesday . The stock traded as high as C$14.80 and last traded at C$14.67. Approximately 258,094 shares were traded during mid-day trading, an increase of 54% from the average daily volume of 167,867 shares. The stock had previously closed at C$14.50.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MI.UN. Raymond James Financial downgraded shares of Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from C$15.75 to C$15.00 in a research report on Thursday, May 8th. Scotiabank decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. National Bankshares downgraded shares of Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$15.00 to C$14.00 in a research report on Thursday, May 8th. Royal Bank Of Canada decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$17.50 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, TD Securities decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$15.81.

Minto Apartment Real Estate Invt Trust Stock Up 0.7%

The stock has a market capitalization of C$580.84 million, a P/E ratio of -16.35 and a beta of 1.23. The company's 50-day moving average price is C$13.89 and its 200 day moving average price is C$13.40. 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 Company Profile

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 and Calgary.