Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Hits New 52-Week Low - Should You Sell?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The stock traded as low as C$12.65 and last traded at C$13.00, with a volume of 45285 shares trading hands. The stock had previously closed at C$13.20.

Analyst Upgrades and Downgrades

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

Minto Apartment Real Estate Invt Trust Price Performance

The business has a fifty day simple moving average of C$13.43 and a 200-day simple moving average of C$14.90. The stock has a market capitalization of C$538.92 million, a P/E ratio of -15.17 and a beta of 1.23. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11.

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.