Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Up 26.9% – Should You Buy?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s stock price shot up 26.9% during trading on Monday . The stock traded as high as C$17.32 and last traded at C$17.27. 2,681,028 shares changed hands during mid-day trading, an increase of 95% from the average session volume of 1,377,501 shares. The stock had previously closed at C$13.61.

Analyst Upgrades and Downgrades

Separately, TD Securities decreased 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 on the stock in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Minto Apartment Real Estate Invt Trust presently has an average rating of “Hold” and a consensus target price of C$15.67.

Minto Apartment Real Estate Invt Trust Price Performance

The company has a 50 day moving average price of C$13.43 and a 200-day moving average price of C$13.74. The company has a market cap of C$633.75 million, a price-to-earnings ratio of 9.26 and a beta of 1.00. The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09.

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, Calgary and Vancouver.