Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Sets New 1-Year Low – What’s Next?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) shares hit a new 52-week low on Monday . The company traded as low as C$12.20 and last traded at C$12.79, with a volume of 92995 shares changing hands. The stock had previously closed at C$12.81.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. National Bankshares lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating for the company in a research note on Friday, March 7th. Royal Bank of Canada lowered their price objective on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating for the company in a research report on Friday, March 7th. Desjardins cut their target price on Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating on the stock in a research report on Friday, March 7th. BMO Capital Markets cut their price objective on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a report on Thursday, March 6th. Finally, CIBC lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.00 and set an “outperform” rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$17.41.

Minto Apartment Real Estate Invt Trust Stock Down 3.4 %

The firm has a market capitalization of C$494.21 million, a PE ratio of -13.91 and a beta of 1.23. The business’s fifty day moving average price is C$13.24 and its 200 day moving average price is C$14.01. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09.

Minto Apartment Real Estate Invt Trust Company Profile

Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in urban markets in Canada. The REIT owns a portfolio of high-quality income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa and Calgary.