Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Reaches New 1-Year Low – Time to Sell?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as C$12.79 and last traded at C$12.80, with a volume of 15337 shares traded. The stock had previously closed at C$12.84.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MI.UN shares. CIBC dropped their price objective on Minto Apartment Real Estate Invt Trust from C$21.00 to C$20.00 in a research note on Thursday, November 14th. Scotiabank cut their price target 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. BMO Capital Markets lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.00 in a research note on Thursday, November 14th. National Bankshares upped their target price on shares of Minto Apartment Real Estate Invt Trust from C$18.50 to C$18.75 in a research note on Wednesday, October 9th. Finally, Raymond James decreased their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.00 to C$17.25 in a research report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$19.68.

Minto Apartment Real Estate Invt Trust Stock Performance

The stock’s 50-day simple moving average is C$13.61 and its 200 day simple moving average is C$15.04. The company has a market capitalization of C$519.36 million, a PE ratio of -14.62 and a beta of 1.23. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11.

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.