Today The Milestone Apartments Real Estate Invt Tr (MST.UN) Downgraded to “Hold” at Desjardins

Today The Milestone Apartments Real Estate Invt Tr (MST.UN) Downgraded to “Hold” at Desjardins

Desjardins cut shares of Milestone Apartments Real Estate Invt Tr (TSE:MST.UN) from a buy rating to a hold rating in a research note released on Tuesday morning. Desjardins currently has C$21.50 price objective on the real estate investment trust’s stock, down from their previous price objective of C$23.00.

MST.UN has been the subject of several other research reports. National Bank Financial reiterated an outperform rating and set a C$22.50 price target on shares of Milestone Apartments Real Estate Invt Tr in a report on Monday, October 31st. Raymond James Financial, Inc. reiterated an outperform rating and set a C$21.00 price target on shares of Milestone Apartments Real Estate Invt Tr in a report on Tuesday, November 1st. Scotiabank reiterated an outperform rating and set a C$21.25 price target on shares of Milestone Apartments Real Estate Invt Tr in a report on Friday, November 11th. Laurentian set a C$21.00 price target on shares of Milestone Apartments Real Estate Invt Tr and gave the stock a buy rating in a report on Friday, December 16th. Finally, Laurentian Bank of Canada reiterated a buy rating and set a C$21.00 price target on shares of Milestone Apartments Real Estate Invt Tr in a report on Friday, December 16th. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$21.59.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 15th will be given a $0.0504 dividend. This is an increase from Milestone Apartments Real Estate Invt Tr’s previous monthly dividend of $0.05. The ex-dividend date is Friday, January 27th. This represents a $0.60 annualized dividend and a yield of Infinity.

About Milestone Apartments Real Estate Invt Tr

Milestone Apartments Real Estate Investment Trust (the REIT) is an unincorporated, open-ended real estate investment trust. The Company invests in and operates multifamily garden-style residential properties in the United States. It operates in the United States real estate industry segment. Its portfolio of properties consists of over 70 multifamily garden-style residential properties comprising over 22,550 units that are located in over 10 metropolitan markets throughout the Southeast and Southwest United States.

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