Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Trading 0.5% Higher

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s stock price traded up 0.5% on Thursday . The company traded as high as C$16.89 and last traded at C$16.81. 231,893 shares changed hands during trading, an increase of 162% from the average session volume of 88,352 shares. The stock had previously closed at C$16.73.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. TD Securities raised their price objective on shares of Minto Apartment Real Estate Invt Trust from C$21.00 to C$22.00 in a research note on Thursday, August 15th. Raymond James cut their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.25 to C$19.75 in a research report on Thursday, August 15th. Finally, Royal Bank of Canada lowered their price target on shares of Minto Apartment Real Estate Invt Trust from C$22.00 to C$21.50 in a report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$20.02.

Minto Apartment Real Estate Invt Trust Trading Up 2.3 %

The company has a market cap of C$686.22 million, a PE ratio of -19.31 and a beta of 1.22. The stock’s 50 day moving average is C$16.01 and its 200-day moving average is C$15.64. 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.