Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Up 0.1% – Should You Buy?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s stock price traded up 0.1% during mid-day trading on Tuesday . The stock traded as high as C$17.52 and last traded at C$17.49. 304,961 shares changed hands during trading, a decline of 31% from the average session volume of 438,868 shares. The stock had previously closed at C$17.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group lowered Minto Apartment Real Estate Invt Trust from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$15.50 to C$18.00 in a research note on Tuesday, January 6th. CIBC downgraded shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from C$17.00 to C$18.00 in a research report on Tuesday, January 6th. Scotiabank raised their price target on shares of Minto Apartment Real Estate Invt Trust from C$14.75 to C$18.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 6th. Raymond James Financial lifted their price objective on shares of Minto Apartment Real Estate Invt Trust from C$14.25 to C$18.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Finally, TD Securities cut their target price on Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Minto Apartment Real Estate Invt Trust currently has an average rating of “Hold” and a consensus target price of C$17.06.

Minto Apartment Real Estate Invt Trust Stock Performance

The firm’s 50 day moving average is C$14.80 and its 200-day moving average is C$14.12. The stock has a market capitalization of C$678.65 million, a price-to-earnings ratio of 9.36 and a beta of 1.00. The company has a debt-to-equity ratio of 101.09, a quick ratio of 0.04 and a current ratio of 1.11.

Minto Apartment Real Estate Invt Trust Company Profile

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, Calgary and Vancouver.