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

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

Minto Apartment Real Estate Invt Trust Stock Down 0.2%

Shares of TSE:MI.UN opened at C$17.61 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.04 and a debt-to-equity ratio of 101.09. 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 50-day moving average price of C$17.56 and a 200 day moving average price of C$16.04. The company has a market cap of C$645.11 million, a price-to-earnings ratio of -2.64 and a beta of 0.52.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada downgraded shares of Minto Apartment Real Estate Invt Trust from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$16.50 to C$18.00 in a report on Tuesday, February 10th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Minto Apartment Real Estate Invt Trust currently 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.