Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Shares Up 1% – Should You Buy?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s stock price shot up 1% during mid-day trading on Monday . The stock traded as high as C$13.69 and last traded at C$13.53. 157,103 shares were traded during trading, a decline of 13% from the average session volume of 180,551 shares. The stock had previously closed at C$13.40.

Wall Street Analyst Weigh In

Several research firms have recently commented on MI.UN. Royal Bank of Canada decreased their price objective on Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating on the stock in a research note on Friday, March 7th. CIBC decreased their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Desjardins dropped their price target on shares of Minto Apartment Real Estate Invt Trust from C$16.50 to C$15.50 and set a “buy” rating for the company in a research report on Friday, March 7th. National Bankshares reduced their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.75 and set an “outperform” rating for the company in a research note on Friday, March 7th. Finally, Raymond James lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.41.

Minto Apartment Real Estate Invt Trust Price Performance

The company has a market cap of C$540.12 million, a P/E ratio of -15.20 and a beta of 1.23. The firm’s 50-day moving average is C$13.22 and its two-hundred day moving average is C$14.14. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04.

About Minto Apartment Real Estate Invt Trust

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 and Calgary.