Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Sets New 52-Week Low – Here’s What Happened

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$12.65 and last traded at C$13.00, with a volume of 45285 shares traded. The stock had previously closed at C$13.20.

Analyst Upgrades and Downgrades

MI.UN has been the topic of a number of recent analyst reports. National Bankshares raised 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. BMO Capital Markets dropped their target price on Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research report on Thursday, November 14th. CIBC lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research report on Thursday, November 14th. Raymond James lowered their target price on Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research note on Monday, January 13th. Finally, Scotiabank decreased their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.75 to C$17.75 in a research note on Thursday, November 14th. One investment 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 company currently has an average rating of “Moderate Buy” and an average target price of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Down 0.5 %

The company has a market capitalization of C$524.15 million, a PE ratio of -14.75 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. The firm has a 50-day moving average of C$13.50 and a two-hundred day moving average of C$14.95.

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.