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TSE:MI.UN

Minto Apartment Real Estate Invt Trust - MI.UN Stock Forecast, Price & News

C$15.29
+0.16 (+1.06%)
(As of 08/8/2022 02:50 PM ET)
Add
Compare
Today's Range
C$15.05
C$15.53
50-Day Range
C$14.16
C$18.45
52-Week Range
C$13.94
C$24.57
Volume
89,756 shs
Average Volume
135,787 shs
Market Capitalization
C$612.67 million
P/E Ratio
4.08
Dividend Yield
3.14%
Price Target
C$25.53

Minto Apartment Real Estate Invt Trust MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
65.7% Upside
C$25.53 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

MI.UN stock logo

About Minto Apartment Real Estate Invt Trust (TSE:MI.UN) Stock

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.

Analyst Ratings Changes

Several analysts have commented on MI.UN shares. Royal Bank of Canada lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$29.00 to C$25.50 and set an "outperform" rating on the stock in a research report on Thursday, May 5th. National Bankshares cut their price objective on Minto Apartment Real Estate Invt Trust from C$26.25 to C$24.50 in a report on Wednesday, April 27th. CIBC lowered their price objective on shares of Minto Apartment Real Estate Invt Trust from C$24.50 to C$23.00 in a report on Monday, June 27th. Scotiabank decreased their target price on shares of Minto Apartment Real Estate Invt Trust from C$24.50 to C$23.00 in a research report on Thursday, May 5th. Finally, TD Securities reduced their price objective on Minto Apartment Real Estate Invt Trust from C$28.00 to C$27.00 and set a "buy" rating on the stock in a research note on Thursday, May 5th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$25.63.

Minto Apartment Real Estate Invt Trust Stock Performance

Shares of TSE:MI.UN traded up C$0.27 during trading on Monday, hitting C$15.40. The company had a trading volume of 70,589 shares, compared to its average volume of 135,676. The company has a debt-to-equity ratio of 87.95, a quick ratio of 0.03 and a current ratio of 0.55. Minto Apartment Real Estate Invt Trust has a 12 month low of C$13.94 and a 12 month high of C$24.57. The firm has a market capitalization of C$617.08 million and a P/E ratio of 4.11. The stock has a 50 day simple moving average of C$15.36 and a 200 day simple moving average of C$18.75.

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MI.UN Stock News Headlines

Minto Apartment REIT Announces June 2021 Cash Distribution
FP, Playground at 52-Week Highs on News
Minto Apartment REIT announces December 2020 cash distribution
Minto Apartment REIT Enters Greater Vancouver Market
Minto Apartment REIT announces November 2020 cash distribution
Minto Apartment REIT Reports Third Quarter 2020 Financial Results
DREAM, Sona at 52-Week Highs on News
Minto Apartment Real Estate Investment Trust
IIROC Trading Halt - MI.UN
See More Headlines
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Industry, Sector and Symbol

Industry
REIT - Residential
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$25.53
High Stock Price Forecast
C$28.50
Low Stock Price Forecast
C$23.00
Forecasted Upside/Downside
+67.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$126.07 million
Cash Flow
C$0.09 per share
Book Value
C$25.95 per share

Miscellaneous

Free Float
N/A
Market Cap
C$612.67 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • 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













MI.UN Stock - Frequently Asked Questions

Should I buy or sell Minto Apartment Real Estate Invt Trust stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Minto Apartment Real Estate Invt Trust in the last twelve months. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MI.UN shares.
View MI.UN analyst ratings
or view top-rated stocks.

What is Minto Apartment Real Estate Invt Trust's stock price forecast for 2022?

7 Wall Street research analysts have issued 12 month price objectives for Minto Apartment Real Estate Invt Trust's shares. Their MI.UN stock forecasts range from C$23.00 to C$28.50. On average, they expect the company's stock price to reach C$25.53 in the next year. This suggests a possible upside of 64.5% from the stock's current price.
View analysts price targets for MI.UN
or view top-rated stocks among Wall Street analysts.

How has Minto Apartment Real Estate Invt Trust's stock performed in 2022?

Minto Apartment Real Estate Invt Trust's stock was trading at C$21.89 at the beginning of the year. Since then, MI.UN stock has decreased by 29.1% and is now trading at C$15.52.
View the best growth stocks for 2022 here
.

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

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) pays an annual dividend of C$0.46 per share and currently has a dividend yield of 3.14%. The dividend payout ratio is 12.36%. This payout ratio is at a healthy, sustainable level, below 75%.

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 stock 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.
Compare Top Brokerages Here.

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$15.52.

How much money does Minto Apartment Real Estate Invt Trust make?

Minto Apartment Real Estate Invt Trust (TSE:MI.UN) has a market capitalization of C$621.89 million and generates C$126.07 million in revenue each year.

How can I contact Minto Apartment Real Estate Invt Trust?

The official website for the company is www.mintoapartments.com. The company can be reached via phone at 613-230-7051.

This page (TSE:MI.UN) was last updated on 8/8/2022 by MarketBeat.com Staff

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