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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
57 Followers
MI.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$12.49 - C$17.69
Previous CloseC$15.06
Volume33.44K
Average Volume (3M)79.74K
Market Cap
C$610.26M
Enterprise ValueC$1.44B
Total Cash (Recent Filing)C$7.69M
Total Debt (Recent Filing)C$848.48M
Price to Earnings (P/E)―
Beta1.15
Next Earnings
Aug 13, 2024EPS EstimateN/A
Last Dividend Ex-Date
Jun 28, 2024Dividend Yield3.38%
Share Statistics
EPS (TTM)-2.45
Shares Outstanding65,653,641
10 Day Avg. Volume62,904
30 Day Avg. Volume79,738
Standard Deviation0.08
R-Squared0.45
Alpha-0.00719
Financial Highlights & Ratios
Price to Book (P/B)0.91
Price to Sales (P/S)-9.52
Price to Cash Flow (P/CF)11.30
P/FCF Ratio10.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$20.09Price Target Upside31.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Bulls Say, Bears Say
Bulls Say
Earnings GrowthStrong fundamentals, coupled with balance sheet improvements, should provide continued runway for robust earnings growth.
Occupancy GainsThe Montreal portfolio has enjoyed four consecutive quarters of occupancy gains.
Rental RevenueSame-property rental revenue rose 6.3%, driven by a 6.8% year-over-year increase in same-property average monthly rents.
Bears Say
Capital CommitmentsMI's potential capital commitments remain significant and its cost of equity capital is still an impediment.
Cost Of CapitalIn the absence of a material improvement in the REIT's cost of capital, management may ultimately have to pass on these strategic growth opportunities.
Variable-Rate DebtThe REIT had been operating with a significant amount of variable-rate debt, which became more expensive as interest rates rose.
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Options Prices
Currently, No data available
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Ownership Overview
57.40% Insiders
1.10% Mutual Funds
12.37% Other Institutional Investors
29.14% 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$12.49 and its highest was C$17.69 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 Aug 13, 2024 which is in 41 days.
How were Minto Apartment Real Estate Investment Trust’s earnings last quarter?
Minto Apartment Real Estate Investment Trust released its earnings results on May 07, 2024. The company reported -C$0.286 earnings per share for the quarter, missing the consensus estimate of N/A by -C$0.286.
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 3.38%. 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$0.286 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 1.006%.
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
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Analyst Consensus
Strong Buy
Average Price Target:
C$20.09 (31.31% Upside)
C$20.09 (31.31% Upside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
3.70%
12-Months-Change
Fundamentals
Return on Equity
-9.94%
Trailing 12-Months
Asset Growth
-5.92%
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 Month Forecast
Average Price Target
C$20.09
▲(31.31% Upside)
Technical Analysis
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Best Analysts Covering MI.UN
1 Year
1 Year Success Rate
7/10 ratings generated profit
1 Year Average Return
+7.71%
reiterated a buy rating 2 months ago
Copying Mark Rothschild's trades and holding each position for 1 Year would result in 70.00% of your transactions generating a profit, with an average return of +7.71% per trade.
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