Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report)'s stock price traded down 2.1% during mid-day trading on Monday . The company traded as low as C$13.66 and last traded at C$13.70. 228,374 shares changed hands during mid-day trading, an increase of 40% from the average session volume of 162,641 shares. The stock had previously closed at C$14.00.
Analyst Ratings Changes
MI.UN has been the subject of several research analyst reports. National Bankshares cut Minto Apartment Real Estate Invt Trust from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from C$15.00 to C$14.00 in a research note on Thursday, May 8th. CIBC lowered their price objective on Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Scotiabank lowered 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 for the company in a research note on Thursday, May 8th. TD Securities reduced 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 report on Thursday, May 8th. Finally, Canaccord Genuity Group raised their price objective on Minto Apartment Real Estate Invt Trust from C$15.50 to C$16.50 in a report on Friday, August 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$15.89.
View Our Latest Analysis on MI.UN
Minto Apartment Real Estate Invt Trust Price Performance
The stock has a market cap of C$542.91 million, a P/E ratio of -15.28 and a beta of 1.23. 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 business's 50 day moving average price is C$14.38 and its two-hundred day moving average price is C$13.54.
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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