Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock Price Down 0.5% – What’s Next?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s share price dropped 0.5% on Thursday . The company traded as low as C$17.40 and last traded at C$17.40. Approximately 20,966 shares traded hands during trading, a decline of 86% from the average daily volume of 149,677 shares. The stock had previously closed at C$17.48.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lowered shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$16.50 to C$18.00 in a report on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Minto Apartment Real Estate Invt Trust presently has a consensus rating of “Hold” and an average target price of C$17.38.

Minto Apartment Real Estate Invt Trust Stock Down 0.5%

The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The company’s fifty day simple moving average is C$17.55 and its 200 day simple moving average is C$16.37. The firm has a market capitalization of C$637.41 million, a PE ratio of -1.77 and a beta of 0.52.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) last issued its quarterly earnings data on Monday, May 11th. The company reported C($2.77) EPS for the quarter. Minto Apartment Real Estate Invt Trust had a negative return on equity of 3.19% and a negative net margin of 22.43%.The company had revenue of C$39.41 million during the quarter. Analysts anticipate that Minto Apartment Real Estate Invt Trust will post 1.0174984 earnings per share for the current fiscal year.

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.