Minto Apartment Real Estate Invt Trust (TSE:MI.UN - Get Free Report)'s share price was down 0.6% on Monday . The company traded as low as C$15.63 and last traded at C$15.80. Approximately 63,791 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 90,717 shares. The stock had previously closed at C$15.89.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Royal Bank of Canada dropped their price objective on Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a report on Thursday, August 15th. TD Securities raised their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a report on Thursday, August 15th. Finally, Raymond James dropped their price objective on Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$20.02.
Get Our Latest Stock Report on MI.UN
Minto Apartment Real Estate Invt Trust Price Performance
The stock has a market capitalization of C$623.55 million, a PE ratio of -17.75 and a beta of 1.22. 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 company's 50 day simple moving average is C$16.34 and its 200 day simple moving average is C$15.62.
About Minto Apartment Real Estate Invt Trust
(
Get Free Report)
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.
See Also
Before you consider Minto Apartment Real Estate Invt Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Minto Apartment Real Estate Invt Trust wasn't on the list.
While Minto Apartment Real Estate Invt Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.