Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Reaches New 52-Week Low – Time to Sell?

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MI.UN shares. National Bankshares increased their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research report on Wednesday, October 9th. CIBC reduced their target price on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a report on Thursday, November 14th. Scotiabank lowered their price target on Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a report on Thursday, November 14th. BMO Capital Markets dropped 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. Finally, Raymond James increased their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$19.00 in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Down 2.3 %

The firm has a 50-day moving average price of C$13.84 and a two-hundred day moving average price of C$15.18. The company has a market capitalization of C$517.76 million, a P/E ratio of -14.57 and a beta of 1.23. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09.

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.