Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Trading Down 3.4%

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report) shares dropped 3.4% on Monday . The company traded as low as C$14.66 and last traded at C$14.70. Approximately 56,133 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 84,580 shares. The stock had previously closed at C$15.22.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MI.UN shares. Laurentian raised their price target on Minto Apartment Real Estate Invt Trust from C$16.00 to C$18.00 in a research report on Monday, January 22nd. Raymond James increased their price target on shares of Minto Apartment Real Estate Invt Trust from C$20.25 to C$21.25 and gave the company an "outperform" rating in a research report on Friday, March 8th. Scotiabank cut their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.25 to C$18.75 and set a "sector perform" rating on the stock in a report on Monday, March 25th. BMO Capital Markets upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$19.00 and gave the company an "outperform" rating in a research note on Monday, March 11th. Finally, Cormark increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$20.50 in a report on Friday, March 15th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Minto Apartment Real Estate Invt Trust currently has an average rating of "Moderate Buy" and an average target price of C$20.27.

Minto Apartment Real Estate Invt Trust Trading Down 3.4 %

The firm's 50 day moving average price is C$16.41 and its 200-day moving average price is C$15.49. The company has a debt-to-equity ratio of 107.96, a current ratio of 1.16 and a quick ratio of 0.04. The stock has a market cap of C$586.53 million, a P/E ratio of -5.03 and a beta of 1.18.

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, Ottawa, Calgary and Edmonton.

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