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
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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.
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