Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Reaches New 12-Month Low – Should You Sell?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$12.20 and last traded at C$12.79, with a volume of 92995 shares. The stock had previously closed at C$12.81.

Wall Street Analyst Weigh In

Several analysts recently commented on MI.UN shares. CIBC dropped their target price on Minto Apartment Real Estate Invt Trust from C$20.00 to C$18.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada decreased their target price on shares of Minto Apartment Real Estate Invt Trust from C$20.50 to C$19.50 and set an “outperform” rating for the company in a research note on Friday, March 7th. BMO Capital Markets dropped their price target on shares of Minto Apartment Real Estate Invt Trust from C$15.50 to C$15.00 in a research report on Thursday, March 6th. Scotiabank decreased their price objective on shares of Minto Apartment Real Estate Invt Trust from C$17.50 to C$16.50 and set a “sector perform” rating for the company in a research report on Friday, March 7th. Finally, Raymond James dropped their target price on Minto Apartment Real Estate Invt Trust from C$17.25 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$17.41.

Minto Apartment Real Estate Invt Trust Price Performance

The stock has a market cap of C$494.21 million, a price-to-earnings ratio of -13.91 and a beta of 1.23. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. The company’s fifty day moving average is C$13.24 and its two-hundred day moving average is C$14.01.

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.