Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Down 0.7%

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) were down 0.7% on Monday . The stock traded as low as C$19.71 and last traded at C$19.86, approximately 143,688 shares changed hands during mid-day trading. The stock had previously closed at C$20.00.

Several research analysts have recently commented on MI.UN shares. Canaccord Genuity reduced their price target on Minto Apartment Real Estate Invt Trust from C$29.00 to C$26.00 in a research report on Monday, April 13th. National Bank Financial reduced their price target on Minto Apartment Real Estate Invt Trust from C$25.50 to C$22.50 and set a “sector perform” rating for the company in a research report on Tuesday, April 14th. BMO Capital Markets reduced their price target on Minto Apartment Real Estate Invt Trust from C$24.50 to C$23.00 in a research report on Monday, May 11th. Raymond James set a C$24.00 price target on Minto Apartment Real Estate Invt Trust and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, TD Securities boosted their price target on Minto Apartment Real Estate Invt Trust from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$24.44.

The business has a fifty day moving average price of C$19.85 and a two-hundred day moving average price of C$22.45. The company has a debt-to-equity ratio of 119.96, a current ratio of 0.84 and a quick ratio of 0.64. The firm has a market capitalization of $720.42 million and a price-to-earnings ratio of 5.69.

About Minto Apartment Real Estate Invt Trust (TSE:MI.UN)

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, Ottawa, Calgary and Edmonton.

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