Minto Apartment Real Estate Invt Trust (MI.UN) Stock Price, News & Analysis

Company Overview

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 and Calgary.

Key Stats

• Today's Range: C$13.55 to C$13.89
• 50-Day Range: C$13.35 to C$14.83
• 52-Week Range: C$11.94 to C$17.34
• Volume: 185,167 shs
• Average Volume: 156,761 shs
• Market Capitalization: C$508.66 million
• P/E Ratio: 8.40
• Dividend Yield: 3.73%
• Price Target: C$15.72
• Consensus Rating: Hold

Minto Apartment Real Estate Invt Trust Stock Analysis - MarketRank™

Minto Apartment Real Estate Invt Trust scored higher than 59% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.9 / 5
• Analyst Rating: Hold

Consensus Rating

Minto Apartment Real Estate Invt Trust has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.

Upside Potential

Minto Apartment Real Estate Invt Trust has a consensus price target of C$15.72, representing about 14.0% upside from its current price of C$13.79.

Amount of Analyst Coverage

Minto Apartment Real Estate Invt Trust has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Minto Apartment Real Estate Invt Trust is 8.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 277.76.

Price to Earnings Ratio vs. Sector

The P/E ratio of Minto Apartment Real Estate Invt Trust is 8.40, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 258.96.

Price to Book Value per Share Ratio

Minto Apartment Real Estate Invt Trust has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for MI.UN.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Minto Apartment Real Estate Invt Trust is a leading dividend payer. It pays a dividend yield of 3.85%, putting its dividend yield in the top 25% of dividend-paying stocks.

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 31.36%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for MI.UN.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.49

News Sentiment

Minto Apartment Real Estate Invt Trust has a news sentiment score of 1.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Minto Apartment Real Estate Invt Trust this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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.

Percentage Held by Insiders

Only 2.01% of the stock of Minto Apartment Real Estate Invt Trust is held by insiders.

Percentage Held by Institutions

Only 27.18% of the stock of Minto Apartment Real Estate Invt Trust is held by institutions.

MI.UN Stock Analysis - Frequently Asked Questions

How have MI.UN shares performed this year?

Minto Apartment Real Estate Invt Trust's stock was trading at C$13.34 at the beginning of the year. Since then, MI.UN stock has increased by 3.4% and is now trading at C$13.79.

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.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Residential
• Sub-Industry: N/A
• Current Symbol: TSE:MI.UN
• CIK: N/A
• Web: www.mintoapartmentreit.com
• Phone: 613-230-7051
• Fax: N/A
• Employees: 179
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Minto Apartment Real Estate Invt Trust: C$15.72
• High Price Target: C$17.50
• Low Price Target: C$14.00
• Potential Upside/Downside: +14.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): C$1.64
• Trailing P/E Ratio: 8.40
• Forward P/E Ratio: 13.55
• P/E Growth: N/A
• Net Income: -C$35.43 million
• Net Margins: -22.43%
• Pretax Margin: N/A
• Return on Equity: -3.19%
• Return on Assets: 2.15%

Debt

• Debt-to-Equity Ratio: 101.09
• Current Ratio: 1.11
• Quick Ratio: 0.04

Sales & Book Value

• Annual Sales: C$155.74 million
• Price / Sales: 3.27
• Cash Flow: C$0.14 per share
• Price / Cash Flow: 102.07
• Book Value: C$27.09 per share
• Price / Book: 0.51

Miscellaneous

• Outstanding Shares: 36,886,000
• Free Float: N/A
• Market Cap: C$508.66 million
• Optionable: Not Optionable
• Beta: 1.15