Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Trading Up 0.2% – What’s Next?
by Michael Walen · The Markets DailyMinto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report)’s stock price shot up 0.2% during trading on Thursday . The company traded as high as C$17.99 and last traded at C$17.99. Approximately 549,603 shares changed hands during trading, an increase of 254% from the average daily 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 50-day moving average price of C$17.68 and a 200 day moving average price of C$17.58. The firm has a market capitalization of C$659.03 million, a PE ratio of -1.83 and a beta of 0.61.
Minto Apartment Real Estate Invt Trust (TSE:MI.UN – Get Free Report) last posted 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 net margin of 22.43% and a negative return on equity of 3.19%. The firm had revenue of C$39.41 million during the quarter. Research 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.