The Financial sector company, Minto Apartment Real Estate Investment Trust (MI.UN), has received a rating update from a Wall Street analyst yesterday. Analyst Michael Markidis from Desjardins remains bullish on the stock and has a C$21 price target.
Markidis has an average return of 3.9% when recommending Minto Apartment Real Estate Investment Trust.
According to TipRanks.com, Markidis is ranked #406 out of 5107 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Minto Apartment Real Estate Investment Trust with a C$20.50 average price target, implying a 9.7% upside from current levels. In a report issued on December 3, Raymond James also reiterated a Buy rating on the stock with a C$20 price target.
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The company has a one-year high of C$19.79 and a one-year low of C$15.45. Currently, Minto Apartment Real Estate Investment Trust has an average volume of 53.97K.
Minto Apartment Real Estate Investment Trust primarily engages in the ownership of income-producing residential rental properties. Its objective is to provide shareholder’s an opportunity to invest in multi-residential rental properties and maximize long-term shareholder’s value through value-enhancing capital investment programs.
The company’s shares closed on Tuesday at C$18.68.
