Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report) was down 0.5% during mid-day trading on Thursday . The stock traded as low as C$17.40 and last traded at C$17.40. Approximately 20,966 shares changed 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 Upgrades and Downgrades
Separately, Royal Bank Of Canada lowered shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$16.50 to C$18.00 in a research 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’s stock. According to data from MarketBeat, Minto Apartment Real Estate Invt Trust presently has a consensus rating of “Hold” and an average target price of C$17.38.
Read Our Latest Stock Report on MI.UN
Minto Apartment Real Estate Invt Trust Trading Down 0.5%
Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported C($2.77) earnings per share for the quarter. The firm had revenue of C$39.41 million 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%. Sell-side analysts anticipate that Minto Apartment Real Estate Invt Trust will post 1.0174984 earnings per share for the current year.
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.
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