Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Hits New 52-Week High – What’s Next?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN)’s share price reached a new 52-week high during mid-day 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 changing hands. The stock had previously closed at C$17.45.

Minto Apartment Real Estate Invt Trust Trading Up 1.7%

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 firm has a market capitalization of C$650.24 million, a price-to-earnings ratio of -1.80 and a beta of 0.62. The firm’s 50-day moving average is C$17.48 and its 200 day moving average is C$17.05.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) last released its quarterly earnings results on Monday, May 11th. The company reported C($2.77) earnings per share (EPS) for the quarter. The business had revenue of C$39.41 million for the quarter. Minto Apartment Real Estate Invt Trust had a negative net margin of 22.43% and a negative return on equity of 3.19%. On average, equities analysts predict that Minto Apartment Real Estate Invt Trust will post 1.0174984 earnings per share for the current fiscal 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.