Milestone Apartments Real Estate Invt Tr (MST.UN) Lowered to Tender at TD Securities

Milestone Apartments Real Estate Invt Tr (MST.UN) Lowered to Tender at TD Securities

Milestone Apartments Real Estate Invt Tr (TSE:MST.UN) was downgraded by equities research analysts at TD Securities from a “hold” rating to a “tender” rating in a research note issued to investors on Thursday. They presently have a C$21.75 target price on the real estate investment trust’s stock, down from their prior target price of C$22.00.

A number of other equities analysts have also recently weighed in on MST.UN. Royal Bank of Canada cut shares of Milestone Apartments Real Estate Invt Tr from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$22.00 to C$21.70 in a research note on Thursday. 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 research note on Friday, December 16th. National Bank Financial reaffirmed a “sector perform” rating and set a C$21.75 price target on shares of Milestone Apartments Real Estate Invt Tr in a research note on Monday, January 23rd. Scotiabank reaffirmed a “sector perform” rating and set a C$21.50 price target on shares of Milestone Apartments Real Estate Invt Tr in a research note on Friday, March 3rd. Finally, Laurentian Bank of Canada reaffirmed a “buy” rating and set a C$21.00 price target on shares of Milestone Apartments Real Estate Invt Tr in a research note on Friday, December 16th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$21.54.

Milestone Apartments Real Estate Invt Tr Company Profile

Milestone Apartments Real Estate Investment Trust is a United States-based real estate investment trust. The Company focuses on the United States multifamily sector. It owns and operates garden-style apartment communities. The Company’s portfolio consists of over 70 multifamily garden-style residential properties, including approximately 22,550 units, located in over 10 metropolitan markets throughout the Southeast and Southwest United States.

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