In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Minto Apartment Real Estate Investment Trust (MI.UN). Analyst Johann Rodrigues from Raymond James remains bullish on the stock and has a C$20 price target.
Rodrigues has an average return of 9.1% when recommending Minto Apartment Real Estate Investment Trust.
According to TipRanks.com, Rodrigues is ranked #2580 out of 5134 analysts.
Minto Apartment Real Estate Investment Trust has an analyst consensus of Strong Buy, with a price target consensus of C$20.50, representing a 7.0% upside. In a report issued on November 19, BMO Capital also maintained a Buy rating on the stock with a C$20.50 price target.
The company has a one-year high of C$19.26 and a one-year low of C$15.45. Currently, Minto Apartment Real Estate Investment Trust has an average volume of 54.49K.
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 Monday at C$19.16, close to its 52-week high of C$19.26.