TSE:MI.UN

Minto Apartment Real Estate Invt Trust Stock Forecast, Price & News

C$20.37

0.00 (0.00 %)

(As of 01/27/2021 12:00 AM ET)

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Today's Range

C$19.69

Now: C$20.37▼

C$20.37

50-Day Range

C$19.50

MA: C$20.09▼

C$20.69

52-Week Range

C$15.58

Now: C$20.37▼

C$28.31

Volume178,143 shs

Average Volume87,738 shs

Market CapitalizationC$738.92 million

P/E Ratio4.19

Dividend Yield2.23%

BetaN/A

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, Ottawa, Calgary and Edmonton.

MarketRank^™

Overall MarketRank^™

1.67 out of 5 stars

2.3 Analyst's Opinion

Consensus Rating
Minto Apartment Real Estate Invt Trust has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$23.50, Minto Apartment Real Estate Invt Trust has a forecasted upside of 15.4% from its current price of C$20.37.
Amount of Analyst Coverage
Minto Apartment Real Estate Invt Trust has only been the subject of 2 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Minto Apartment Real Estate Invt Trust has received 49 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Minto Apartment Real Estate Invt Trust has received 49 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Minto Apartment Real Estate Invt Trust has received 50.00% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Minto Apartment Real Estate Invt Trust and other stocks. Vote “Outperform” if you believe MI.UN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MI.UN will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Minto Apartment Real Estate Invt Trust pays a meaningful dividend of 2.23%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Minto Apartment Real Estate Invt Trust does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Minto Apartment Real Estate Invt Trust is 9.10%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Minto Apartment Real Estate Invt Trust insiders have not sold or bought any company stock.

1.9 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Minto Apartment Real Estate Invt Trust is 4.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.67.
Price to Earnings Ratio vs. Sector
The P/E ratio of Minto Apartment Real Estate Invt Trust is 4.19, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 79.09.
Price to Book Value per Share Ratio
Minto Apartment Real Estate Invt Trust has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange TSE

Industry REIT - Residential

Sub-IndustryN/A

SectorReal Estate

Current SymbolTSE:MI.UN

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.mintoapartments.com

Phone613-230-7051

EmployeesN/A

Year FoundedN/A

Debt

Debt-to-Equity Ratio101.42

Current Ratio0.69

Quick Ratio0.06

Price-To-Earnings

Trailing P/E Ratio4.19

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesC$123.87 million

Price / Sales5.97

Cash FlowC$0.08 per share

Price / Cash Flow243.13

Book ValueC$22.92 per share

Price / Book0.89

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares36,275,000

Market CapC$738.92 million

Next Earnings DateN/A

OptionableNot Optionable

C$20.37

0.00 (0.00 %)

(As of 01/27/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Frequently Asked Questions

How has Minto Apartment Real Estate Invt Trust's stock been impacted by Coronavirus (COVID-19)?

Minto Apartment Real Estate Invt Trust's stock was trading at C$25.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MI.UN shares have decreased by 19.8% and is now trading at C$20.37.
View which stocks have been most impacted by COVID-19.

Is Minto Apartment Real Estate Invt Trust a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Minto Apartment Real Estate Invt Trust in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Minto Apartment Real Estate Invt Trust stock.
View analyst ratings for Minto Apartment Real Estate Invt Trust or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Minto Apartment Real Estate Invt Trust?

Wall Street analysts have given Minto Apartment Real Estate Invt Trust a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Minto Apartment Real Estate Invt Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Is Minto Apartment Real Estate Invt Trust a good dividend stock?

Minto Apartment Real Estate Invt Trust pays an annual dividend of C$0.44 per share and currently has a dividend yield of 2.23%. The dividend payout ratio of Minto Apartment Real Estate Invt Trust is 9.10%. This payout ratio is at a healthy, sustainable level, below 75%.
View Minto Apartment Real Estate Invt Trust's dividend history.

What price target have analysts set for MI.UN?

5 brokers have issued 12 month price objectives for Minto Apartment Real Estate Invt Trust's stock. Their forecasts range from C$21.00 to C$27.00. On average, they expect Minto Apartment Real Estate Invt Trust's share price to reach C$23.50 in the next year. This suggests a possible upside of 15.4% from the stock's current price.
View analysts' price targets for Minto Apartment Real Estate Invt Trust or view Wall Street analyst' top-rated stocks.

Who are some of Minto Apartment Real Estate Invt Trust's key competitors?

Some companies that are related to Minto Apartment Real Estate Invt Trust include Northview Apartment REIT (NVU.UN), Interrent Real Estate Investment Trust (IIP.UN), Killam Apartment REIT (KMP.UN), Boardwalk REIT (BEI.UN), Pure Multi-Family REIT (RUF.UN), Morguard North American Residential REIT (MRG.UN), Empiric Student Property plc (ESP.L) (ESP), Sigma Capital Group plc (SGM.L) (SGM), KCR Residential REIT plc (KCR.L) (KCR), CIVS SOCI / RED PREF (CSHC), First Real Estate Investment Trust of New Jersey (FREVS), Ingenia Communities Group (INA.AX) (INA), InterRent Real Estate Investment Trust (IBVA.F) (IBVA), Pure Multi-Family REIT (RUF.UN) and Pure Multi-Family REIT (PMULF).
View all of MI.UN's competitors.

Who are Minto Apartment Real Estate Invt Trust's key executives?

Minto Apartment Real Estate Invt Trust's management team includes the following people:

Mr. Roger Greenberg, Exec. Chairman
Mr. Michael R. Waters, CEO & Trustee
Mr. Robert Pike, Pres & COO
Ms. Julie Morin, Chief Financial Officer
Ms. Jaime McKenna, Chief Investment Officer

What is Minto Apartment Real Estate Invt Trust's stock symbol?

Minto Apartment Real Estate Invt Trust trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MI.UN."

How do I buy shares of Minto Apartment Real Estate Invt Trust?

Shares of MI.UN and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What is Minto Apartment Real Estate Invt Trust's stock price today?

One share of MI.UN stock can currently be purchased for approximately C$20.37.

How big of a company is Minto Apartment Real Estate Invt Trust?

Minto Apartment Real Estate Invt Trust has a market capitalization of C$738.92 million and generates C$123.87 million in revenue each year.

What is Minto Apartment Real Estate Invt Trust's official website?

The official website for Minto Apartment Real Estate Invt Trust is www.mintoapartments.com.

How can I contact Minto Apartment Real Estate Invt Trust?

The company can be reached via phone at 613-230-7051.

This page was last updated on 1/28/2021 by MarketBeat.com Staff

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