Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Trading 0.2% Higher – Here’s Why

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) was up 0.2% during mid-day trading on Thursday . The company traded as high as C$17.99 and last traded at C$17.99. Approximately 549,603 shares were traded during trading, an increase of 254% from the average session volume of 155,086 shares. The stock had previously closed at C$17.96.

Minto Apartment Real Estate Invt Trust Stock Performance

The company has a quick ratio of 0.04, a current ratio of 1.11 and a debt-to-equity ratio of 101.09. The firm has a market cap of C$659.03 million, a P/E ratio of -1.83 and a beta of 0.61. The firm’s 50-day simple moving average is C$17.69 and its 200 day simple moving average is C$17.59.

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) last released its earnings results on Monday, May 11th. The company reported C($2.77) earnings per share for the quarter. The company 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%. As a group, analysts expect that Minto Apartment Real Estate Invt Trust will post 1.0174984 earnings per share for the current 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.