Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Reaches New 12-Month Low – What’s Next?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as C$12.99 and last traded at C$12.99, with a volume of 103618 shares traded. The stock had previously closed at C$13.27.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. National Bankshares lifted their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. BMO Capital Markets lowered their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a report on Thursday, November 14th. Scotiabank cut their price target 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 upped their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a research note on Thursday, November 14th. Finally, CIBC reduced their price target on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 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 company’s stock. Based on data from MarketBeat, Minto Apartment Real Estate Invt Trust has a consensus rating of “Moderate Buy” and an average price target of C$19.68.

Minto Apartment Real Estate Invt Trust Trading Down 1.9 %

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 has a fifty day simple moving average of C$13.87 and a 200-day simple moving average of C$15.19. The company has a market capitalization of C$519.76 million, a PE ratio of -14.63 and a beta of 1.23.

About Minto Apartment Real Estate Invt Trust

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.