Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) dropped 2.1% on Monday . The company traded as low as C$13.66 and last traded at C$13.70. Approximately 228,374 shares changed hands during trading, an increase of 40% from the average daily volume of 162,641 shares. The stock had previously closed at C$14.00.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. CIBC decreased their target price on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Royal Bank Of Canada decreased their target price on 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. Canaccord Genuity Group upped their target price on Minto Apartment Real Estate Invt Trust from C$15.50 to C$16.50 in a research report on Friday, August 1st. TD Securities decreased their target price on 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. Finally, Scotiabank decreased their target price on 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Minto Apartment Real Estate Invt Trust currently has an average rating of "Moderate Buy" and a consensus target price of C$15.89.
Read Our Latest Analysis on MI.UN
Minto Apartment Real Estate Invt Trust Stock Performance
The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11. The company has a 50 day moving average price of C$14.37 and a 200 day moving average price of C$13.54. The company has a market capitalization of C$552.09 million, a price-to-earnings ratio of -15.54 and a beta of 1.23.
Minto Apartment Real Estate Invt Trust Company Profile
(
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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.
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