Maxus Realty Trust (OTCMKTS:MRTI) Rating Lowered to Hold at ValuEngine

Maxus Realty Trust (OTCMKTS:MRTI) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, ValuEngine reports.

Shares of Maxus Realty Trust stock traded up $2.93 on Monday, reaching $128.00. 1,500 shares of the company were exchanged, compared to its average volume of 86. The company’s 50-day moving average is $127.91 and its two-hundred day moving average is $131.40. Maxus Realty Trust has a 1-year low of $102.00 and a 1-year high of $145.00.

Maxus Realty Trust Company Profile

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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