ValuEngine Lowers Maxus Realty Trust (OTCMKTS:MRTI) to Sell

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ValuEngine lowered shares of Maxus Realty Trust (OTCMKTS:MRTI) from a hold rating to a sell rating in a report issued on Monday, ValuEngine reports.

Shares of MRTI opened at $110.00 on Monday. Maxus Realty Trust has a twelve month low of $110.00 and a twelve month high of $145.00. The firm has a fifty day simple moving average of $127.24 and a two-hundred day simple moving average of $125.15.

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $7.20 annualized dividend and a yield of 6.55%.

About Maxus Realty Trust

Maxus Realty Trust, Inc, a real estate investment trust REIT, makes equity investments in real estate properties in the United States. The company primarily invests in multifamily housing properties. As of June 30, 2005, it operated eight apartment communities. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986 and would not be subject to federal income tax, if it distributes at least 90 taxable income to its shareholders.

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