Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Trading Down 2.1% – Time to Sell?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s stock price was down 2.1% during mid-day trading on Monday . The company traded as low as C$13.66 and last traded at C$13.70. Approximately 228,374 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 162,641 shares. The stock had previously closed at C$14.00.

Analyst Ratings Changes

Several equities analysts have recently commented on MI.UN shares. Raymond James Financial lowered shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$15.75 to C$15.00 in a research report on Thursday, May 8th. CIBC lowered their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. National Bankshares lowered shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$15.00 to C$14.00 in a research report on Thursday, May 8th. TD Securities lowered their price target on shares of Minto Apartment Real Estate Invt Trust from C$18.00 to C$17.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada lowered their price target on shares of Minto Apartment Real Estate Invt Trust from C$19.50 to C$17.50 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$15.89.

Minto Apartment Real Estate Invt Trust Stock Performance

The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04. The firm has a market capitalization of C$546.90 million, a price-to-earnings ratio of -15.39 and a beta of 1.23. The firm’s fifty day moving average is C$14.38 and its 200 day moving average is C$13.53.

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.