Minto Apartment Real Estate Investment Trust (MI.UN) Receives a Buy from RBC Capital


Today, an analyst has provided a rating update for Minto Apartment Real Estate Investment Trust (MI.UN). RBC Capital’s analyst Matt Logan reiterates their Buy rating on the shares, with a C$21.50 price target.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Minto Apartment Real Estate Investment Trust with a C$21.92 average price target, which is a 9.3% upside from current levels. In a report released yesterday, Raymond James also maintained a Buy rating on the stock with a C$22 price target.

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Minto Apartment Real Estate Investment Trust’s market cap is currently C$314.7M and has a P/E ratio of 12.7. The company has a Price to Book ratio of 1.29.

Minto Apartment Real Estate Investment Trust engages in the ownership of multi-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 Friday at C$20.05, equals to its 52-week high of C$20.05.

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