Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Hits New 12-Month High – Time to Buy?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) hit a new 52-week high during trading on Thursday . The stock traded as high as C$17.75 and last traded at C$17.75, with a volume of 56879 shares. The stock had previously closed at C$17.45.

Minto Apartment Real Estate Invt Trust Trading Up 1.7%

The company has a market capitalization of C$650.24 million, a price-to-earnings ratio of -1.80 and a beta of 0.62. 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 business’s 50 day moving average price is C$17.48 and its two-hundred day moving average price is C$17.05.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) last released its quarterly earnings data on Monday, May 11th. The company reported C($2.77) earnings per share (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 for the quarter. On average, equities analysts predict 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.