Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Sets New 52-Week High – Still a Buy?

Shares of Minto Apartment Real Estate Invt Trust (TSE:MI.UN) hit a new 52-week high on Monday . The stock traded as high as C$17.32 and last traded at C$17.28, with a volume of 1157092 shares trading hands. The stock had previously closed at C$13.61.

Analysts Set New Price Targets

Separately, TD Securities decreased their price target 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 research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Minto Apartment Real Estate Invt Trust presently has an average rating of “Hold” and an average target price of C$15.67.

Minto Apartment Real Estate Invt Trust Stock Up 26.7%

The stock has a market cap of C$631.92 million, a price-to-earnings ratio of 9.23 and a beta of 1.00. The business has a fifty day moving average of C$13.43 and a 200 day moving average of C$13.74. The company has a debt-to-equity ratio of 101.09, a current ratio of 1.11 and a quick ratio of 0.04.

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.