Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Shares Up 0.3% – What’s Next?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) was up 0.3% during trading on Thursday . The stock traded as high as C$17.63 and last traded at C$17.60. Approximately 24,898 shares traded hands during trading, a decline of 85% from the average daily volume of 166,223 shares. The stock had previously closed at C$17.55.

Analyst Ratings Changes

Separately, Royal Bank Of Canada downgraded Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$16.50 to C$18.00 in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$17.38.

Minto Apartment Real Estate Invt Trust Price Performance

The company has a 50 day moving average of C$17.56 and a 200-day moving average of C$15.96. The firm has a market capitalization of C$644.74 million, a P/E ratio of -2.64 and a beta of 0.52. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) last released its quarterly earnings results on Wednesday, March 4th. The company reported C($6.24) earnings per share (EPS) for the quarter. The firm had revenue of C$38.92 million during 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%. On average, sell-side analysts predict that Minto Apartment Real Estate Invt Trust will post 1.0174984 EPS 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.