Buy, Sell or Hold: Minto Apartment REIT (MI.UN-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Minto Apartment REIT (MI.UN-T)

TSE:MI.UN

14.06

0.16 (1.13%) 1d

WEAK BUY

They're concentrated in Ottawa, Toronto, then Montreal, Edmonton and Calgary. Their apartments are skewed to the higher end in cities which saw an exodus during Covid. They've suffered occupancy losses during Covid, but that has bottomed. In the past quarter though, occupanies are up 3.5% YOY, though Montreal has been difficult to operate in (more of a foreign student market). Overall, there's more upside than down here.

REAL ESTATE

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COMMENT

Sector very vulnerable to rising rates. For a multi-residential Minto type REIT, the cap rates don't reflect interest rates. Not trading at bargain levels.

REAL ESTATE

BUY

Stock has under preformed this year. Trading at 48% discount to net asset value. Currently presenting a good buying opportunity. Not much downside given current share price. Record population growth in Canada this year is good for the company. Upper end buildings in Toronto and Ottawa.

REAL ESTATE

BUY

Looking into the sector as interest rates go up (good buying opportunity). Believes company has been discounted too much. Rental market in greater Toronto area tight. Company presenting good long term buying opportunity.

REAL ESTATE

BUY

Suffering from the macro lens of government policy concerns, which is a great opportunity to take advantage of. Risk/reward is to your favour. Sees return of demand and increasing rents. Wide discount to NAV.

REAL ESTATE

BUY

Similar to InterRent in terms of geological space. Good population growth. Has been building position since the fourth quarter. Catalysts are on the horizon.

REAL ESTATE

BUY

Likes it. They operate in cities, multifamily units in Toronto, Ottawa and Montreal. The REIT is no longer a bargain, but he expects immigration and students returning to school later this year to raise demand, so there's upside to this REIT. You can buy this now.

REAL ESTATE

BUY on WEAKNESS

Apartment sector in Canada, concentrated in Ottawa, but also across Canada. Hurt because of high-end exposure to downtown areas. Cheap. Thinks highly of management. Should do well in a v-shaped recovery. Trades at a discount. Hold it, and look for pullbacks to buy.

REAL ESTATE

BUY

Allan Tong’s Discover Picks In the past month, Minto has performed -5.1% vs. CAP REIT’s -7.7%. Then again, one could argue that the market is reacting to the pressure that the overall apartment sector faces and not just the high-end units. Read Top REITs in Canada : MI.UN Stock and GRT.UN Stock for our full analysis.

REAL ESTATE

TOP PICK

They own the highest-quality residential properties in Toronto, Ottawa, Montreal, Calgary and Edmonton. It's trading at a 24% discount to NAV vs. peers of 10%. Recent underperformance is a reaction to the trend of people moving to the suburbs. The rents are 13% below market, so there'll be much growth. She expects them to raise the dividend on Tuesday night. A good pipeline for growth. (Analysts’ price target is $22.75)

REAL ESTATE

BUY

It trades at a discount. It focuses on key urban centers. It benefited from strong net immigration and this will pause short term. He believes immigration should continue going forward. Every time a tenant moves out they can move the rent higher.

REAL ESTATE

HOLD

An apartment landlord primarily in Ontario with a growing presence in Quebec. Demand for apartment units had pushed rents up significantly. Coming out of COVID, you want to be invested in the multi-family space. You won't see the growth in the next couple of years. It's a very capable management team. The distribution is safe.

REAL ESTATE

DON'T BUY

BEI.UN-T, MI.UN-T and CAR.UN-T. REITs are an interesting universe right now. There is mortgage deferral relief, commercial rent relief. Residential is the best place to be right now. CAR.UN-T would be the best one. BEI.UN-T has a good component out west with potential risk for Alberta. People are going to need places to live and if they can't pay their mortgages then they will have to rent.

REAL ESTATE

BUY

It is one of his favourite apartment stocks with a portfolio concentrated in Ontario and Quebec. He sees it growing at the high single digit rates.

REAL ESTATE

BUY

Has done very well. Quality asset. Urban development mostly in Ottawa, Toronto, Montreal, with a bit in Alberta. Still has a relationship with Mutual Group, and so has access to more quality assets. Great REIT. Crushed Q2 earnings. Underpromise and overdeliver.

REAL ESTATE

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Minto Apartment REIT(MI.UN-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

Stockchase rating for Minto Apartment REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Minto Apartment REIT(MI.UN-T) Frequently Asked Questions

What is Minto Apartment REIT stock symbol?

Minto Apartment REIT is a Canadian stock, trading under the symbol MI.UN-T on the Toronto Stock Exchange (MI.UN-CT). It is usually referred to as TSX:MI.UN or MI.UN-T

Is Minto Apartment REIT a buy or a sell?

In the last year, 5 stock analysts published opinions about MI.UN-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Minto Apartment REIT.

Is Minto Apartment REIT a good investment or a top pick?

Minto Apartment REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Minto Apartment REIT.

Why is Minto Apartment REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Minto Apartment REIT worth watching?

5 stock analysts on Stockchase covered Minto Apartment REIT In the last year. It is a trending stock that is worth watching.

What is Minto Apartment REIT stock price?

On 2022-12-05, Minto Apartment REIT (MI.UN-T) stock closed at a price of $14.06.

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Minto Apartment REIT(MI.UN-T) Rating

Minto Apartment REIT(MI.UN-T) Frequently Asked Questions

What is Minto Apartment REIT stock symbol?

Is Minto Apartment REIT a buy or a sell?

Is Minto Apartment REIT a good investment or a top pick?

Why is Minto Apartment REIT stock dropping?

Is Minto Apartment REIT worth watching?

What is Minto Apartment REIT stock price?

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