Minto Apartment REIT

MI.UN-T

Analysis and Opinions about MI.UN-T

Signal
Opinion
Expert
BUY
BUY
September 8, 2020
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.
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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.
TOP PICK
TOP PICK
August 10, 2020
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)
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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)
BUY
BUY
June 25, 2020

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.

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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.

HOLD
HOLD
April 30, 2020
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.
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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.
DON'T BUY
DON'T BUY
April 16, 2020

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.

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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.

BUY
BUY
March 5, 2020
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.
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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.
BUY
BUY
October 31, 2019
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.
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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.
BUY
BUY
August 22, 2019
One of the most successful REIT IPO's in a long time, up 50%. It's the most urban portfolio in the Canadian multifamily space. It's a play on Toronto and Ottawa. They just had a solid Q2, easily beating their forecast. They raised the yield 7%. The Minto family still owns nearly half the REIT. Because it's small, acquisitions will drive growth. A core holding for her.
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One of the most successful REIT IPO's in a long time, up 50%. It's the most urban portfolio in the Canadian multifamily space. It's a play on Toronto and Ottawa. They just had a solid Q2, easily beating their forecast. They raised the yield 7%. The Minto family still owns nearly half the REIT. Because it's small, acquisitions will drive growth. A core holding for her.
HOLD
HOLD
July 31, 2019
Management is outstanding. A new REIT run by knowledgeable people. Highest quality of apartment space in Canada, focusing on Toronto. A long term hold with a safe distribution. He owns it.
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Management is outstanding. A new REIT run by knowledgeable people. Highest quality of apartment space in Canada, focusing on Toronto. A long term hold with a safe distribution. He owns it.
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Minto Apartment REIT(MI.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 6

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, 6 stock analysts published opinions about MI.UN-T. 4 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Stockchase Discover on 2020-09-08. 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?

6 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 2020-09-30, Minto Apartment REIT (MI.UN-T) stock closed at a price of $18.28.