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Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Shares Up 1.2% - Here's What Happened

Minto Apartment Real Estate Invt Trust logo with Real Estate background

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

Analyst Ratings Changes

A number of research firms have commented on MI.UN. Scotiabank cut their target price 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. Royal Bank Of Canada lowered 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 report on Thursday, May 8th. CIBC lowered their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. National Bankshares cut shares of Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from C$15.00 to C$14.00 in a report on Thursday, May 8th. Finally, Raymond James Financial cut shares of Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "market perform" rating and lowered their price target for the company from C$15.75 to C$15.00 in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$15.81.

View Our Latest Report on Minto Apartment Real Estate Invt Trust

Minto Apartment Real Estate Invt Trust Stock Performance

The company has a market cap of C$580.84 million, a PE ratio of -16.35 and a beta of 1.23. The firm's fifty day moving average is C$13.89 and its 200 day moving average is C$13.40. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09.

Minto Apartment Real Estate Invt Trust Company Profile

(Get Free Report)

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.

Further Reading

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