Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Posts Earnings Results

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) issued its quarterly earnings data on Monday. The company reported C($2.77) earnings per share for the quarter, FiscalAI reports. Minto Apartment Real Estate Invt Trust had a negative return on equity of 3.19% and a negative net margin of 22.43%.The business had revenue of C$39.41 million during the quarter.

Minto Apartment Real Estate Invt Trust Stock Up 0.1%

Minto Apartment Real Estate Invt Trust stock traded up C$0.02 during mid-day trading on Monday, hitting C$17.65. The company had a trading volume of 41,618 shares, compared to its average volume of 163,184. 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 stock’s 50 day moving average price is C$17.56 and its two-hundred day moving average price is C$15.96. Minto Apartment Real Estate Invt Trust has a 12 month low of C$12.54 and a 12 month high of C$17.72. The company has a market capitalization of C$646.57 million, a PE ratio of -2.65 and a beta of 0.52.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada cut Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$16.50 to C$18.00 in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$17.38.

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.