Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Trading Down 0.1% – Here’s What Happened

Minto Apartment Real Estate Invt Trust (TSE:MI.UNGet Free Report) fell 0.1% on Friday . The stock traded as low as C$13.61 and last traded at C$13.61. 155,967 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 141,522 shares. The stock had previously closed at C$13.63.

Wall Street Analysts Forecast Growth

Separately, TD Securities dropped 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 report on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$15.67.

Get Our Latest Research Report on MI.UN

Minto Apartment Real Estate Invt Trust Stock Down 0.1%

The business has a 50-day moving average price of C$13.43 and a 200-day moving average price of C$13.75. The stock has a market cap of C$528.10 million, a PE ratio of 7.28 and a beta of 0.96. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09.

Minto Apartment Real Estate Invt Trust Company Profile

(Get Free Report)

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.

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