Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Sets New 52-Week Low - Here's Why

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as C$12.79 and last traded at C$12.80, with a volume of 15337 shares traded. The stock had previously closed at C$12.84.

Analysts Set New Price Targets

Several analysts have commented on the company. CIBC cut their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research note on Thursday, November 14th. BMO Capital Markets cut their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research note on Thursday, November 14th. Raymond James cut their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research note on Monday, January 13th. National Bankshares increased their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. Finally, Scotiabank lowered their price target on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$19.68.

Minto Apartment Real Estate Invt Trust Trading Up 1.3 %

The stock has a market cap of C$519.36 million, a PE ratio of -14.62 and a beta of 1.23. The stock has a 50-day moving average price of C$13.61 and a two-hundred day moving average price of C$15.04. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04.

Minto Apartment Real Estate Invt Trust Company Profile

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton.