Today, an analyst has provided a rating update for the Financial sector company, Minto Apartment Real Estate Investment Trust (MI.UN). Raymond James’ analyst Johann Rodrigues reiterates their Buy rating on the shares, with a C$22 price target.
Rodrigues has an average return of 5.5% when recommending Minto Apartment Real Estate Investment Trust.
According to TipRanks.com, Rodrigues is ranked #1804 out of 5193 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$21.83 average price target, implying a 12.3% upside from current levels. In a report released today, BMO Capital also reiterated a Buy rating on the stock with a C$22.50 price target.
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Based on Minto Apartment Real Estate Investment Trust’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$16.22 million. In comparison, last year the company had a net profit of C$7.84 million.
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 Monday at C$19.44.
