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Minto Apartment Real Estate Investment Trust (TSE:MI.UN)
TSX:MI.UN
RESEARCH TOOLSreports
Minto Apartment Real Estate Investment Trust (MI.UN) Stock Price & Analysis
51 Followers
MI.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$12.60 - C$17.84
Previous CloseC$14.7
Volume408.16K
Average Volume (3M)88.61K
Market Cap
C$586.35M
Enterprise ValueC$1.51B
Total Cash (Recent Filing)C$3.74M
Total Debt (Recent Filing)C$930.05M
Price to Earnings (P/E)-5.8
Beta1.19
Next Earnings
May 07, 2024EPS EstimateN/A
Last Dividend Ex-Date
Mar 27, 2024Dividend Yield3.26%
Share Statistics
EPS (TTM)-2.54
Shares Outstanding65,653,641
10 Day Avg. Volume99,069
30 Day Avg. Volume88,609
Standard Deviation0.08
R-Squared0.42
Alpha-0.00608
Financial Highlights & Ratios
Price to Book (P/B)0.90
Price to Sales (P/S)25.21
Price to Cash Flow (P/CF)9.00
P/FCF Ratio8.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$20.50Price Target Upside40.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Bulls Say, Bears Say
Bulls Say
Earnings GrowthMinto reported funds from operations (FFO) per diluted unit up 24.4% year-over-year, driven by impressive organic growth.
Operational PerformanceSame-property rental revenue rose 6.3%, driven by a 6.8% year-over-year increase in same-property average monthly rents.
Stock ValuationAnalyst rates the stock as a BUY with a target price set above the net asset value estimate, reflecting confidence in the stock’s potential.
Bears Say
Debt FinancingThe REIT had been operating with a significant amount of variable-rate debt, which became more expensive as interest rates rose.
Financial StrategyMI's decisions regarding the discount purchase options will be closely scrutinized by investors.
Revenue GrowthSP-NOI growth will likely moderate, with top-line growth assumptions lower than the previous year.
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Options Prices
Currently, No data available
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Ownership Overview
57.40% Insiders
1.12% Mutual Funds
12.52% Other Institutional Investors
28.96% Public Companies and
Individual Investors
MI.UN FAQ
What was Minto Apartment Real Estate Investment Trust’s price range in the past 12 months?
Minto Apartment Real Estate Investment Trust lowest stock price was C$12.60 and its highest was C$17.84 in the past 12 months.
What is Minto Apartment Real Estate Investment Trust’s market cap?
Currently, no data Available
When is Minto Apartment Real Estate Investment Trust’s upcoming earnings report date?
Minto Apartment Real Estate Investment Trust’s upcoming earnings report date is May 07, 2024 which is in 18 days.
How were Minto Apartment Real Estate Investment Trust’s earnings last quarter?
Minto Apartment Real Estate Investment Trust released its earnings results on Mar 06, 2024. The company reported -C$1.936 earnings per share for the quarter, missing the consensus estimate of N/A by -C$1.936.
Is Minto Apartment Real Estate Investment Trust overvalued?
According to Wall Street analysts Minto Apartment Real Estate Investment Trust’s price is currently Undervalued.
Does Minto Apartment Real Estate Investment Trust pay dividends?
Minto Apartment Real Estate Investment Trust pays a Monthly dividend of C$0.04 which represents an annual dividend yield of 3.26%. See more information on Minto Apartment Real Estate Investment Trust dividends here
What is Minto Apartment Real Estate Investment Trust’s EPS estimate?
Minto Apartment Real Estate Investment Trust’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Minto Apartment Real Estate Investment Trust have?
Minto Apartment Real Estate Investment Trust has 39,887,610 shares outstanding.
What happened to Minto Apartment Real Estate Investment Trust’s price movement after its last earnings report?
Minto Apartment Real Estate Investment Trust reported an EPS of -C$1.936 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 2.768%.
Which hedge fund is a major shareholder of Minto Apartment Real Estate Investment Trust?
Currently, no hedge funds are holding shares in TSE:MI.UN
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Minto Apartment Real Estate Investment Trust Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
C$20.50 (40.03% Upside)
C$20.50 (40.03% Upside)
Blogger Sentiment
Bullish
TSE:MI.UN Sentiment 100%
Sector Average 70%
Sector Average 70%
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 9.3%
Last 30 Days ▼ 9.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.46%
12-Months-Change
Fundamentals
Return on Equity
-10.18%
Trailing 12-Months
Asset Growth
-1.20%
Trailing 12-Months
Company Description
Minto Apartment Real Estate Investment 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. It owns a portfolio of income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa, Calgary and Edmonton.
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MI.UN Stock 12 Months Forecast
Average Price Target
C$20.50
▲(40.03% Upside)
Technical Analysis
Morguard Real Estate ate
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SmartCentres Real Estate Investment Trust
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Slate Office REIT
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InterRent REIT Un
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Best Analysts Covering MI.UN
1 Year
1 Year Success Rate
7/9 ratings generated profit
1 Year Average Return
+8.37%
reiterated a buy rating last month
Copying Mark Rothschild's trades and holding each position for 1 Year would result in 77.78% of your transactions generating a profit, with an average return of +8.37% per trade.
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