Minto Apartment Real Estate Investment Trust (MI.UN) Gets a Buy Rating from Raymond James

Minto Apartment Real Estate Investment Trust (MI.UNResearch Report), the Financial sector company, was revisited by a Wall Street analyst today. The Financial company, Minto Apartment Real Estate Investment Trust (TSX: MI.UN) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Rodrigues is a 4-star analyst with an average return of 5.8% and a 72.7% success rate. Rodrigues covers the Financial sector, focusing on stocks such as Choice Properties Real Estate Investment Trust, RioCan Real Estate Investment Trust, and Artis Real Estate Investment Trust.

Currently, the analyst consensus on Minto Apartment Real Estate Investment Trust is a Strong Buy with an average price target of C$22.25, representing a 3.5% upside. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$23.50 price target.

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Based on Minto Apartment Real Estate Investment Trust’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$18.67 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 last Wednesday at C$21.50.