Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Reaches New 52-Week High – Here’s Why

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$17.98 and last traded at C$17.95, with a volume of 44332 shares traded. The stock had previously closed at C$17.85.

Minto Apartment Real Estate Invt Trust Stock Performance

The business has a 50 day moving average price of C$17.54 and a 200 day moving average price of C$17.40. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. The stock has a market capitalization of C$659.03 million, a PE ratio of -1.83 and a beta of 0.61.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) last posted its quarterly earnings results on Monday, May 11th. The company reported C($2.77) EPS for the quarter. Minto Apartment Real Estate Invt Trust had a negative net margin of 22.43% and a negative return on equity of 3.19%. The firm had revenue of C$39.41 million for the quarter. As a group, equities research analysts expect that Minto Apartment Real Estate Invt Trust will post 1.0174984 earnings per share for the current year.

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, Calgary and Vancouver.