Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Up 26.8% – Time to Buy?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) traded up 26.8% during trading on Monday . The stock traded as high as C$17.32 and last traded at C$17.26. 2,490,548 shares were traded during trading, an increase of 94% from the average session volume of 1,284,194 shares. The stock had previously closed at C$13.61.

Wall Street Analyst Weigh In

Separately, TD Securities lowered their target price on shares of Minto Apartment Real Estate Invt Trust from C$17.00 to C$16.50 and set a “buy” rating for the company in a report on Friday, December 12th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Minto Apartment Real Estate Invt Trust currently has an average rating of “Hold” and a consensus target price of C$15.67.

Minto Apartment Real Estate Invt Trust Trading Up 27.1%

The stock’s 50-day moving average price is C$13.43 and its 200 day moving average price is C$13.74. 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$633.75 million, a PE ratio of 9.26 and a beta of 1.00.

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.