GREY:MSTUF - Post by User
Post by
retiredcfon Dec 21, 2016 8:41am
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Post# 25628705
Top Pick
Top PickLast stock in the clip and two sets of comments. GLTA
https://www.bnn.ca/video/peter-imhof-top-picks~1020550
MILESTONE APARTMENT REIT (MST_u.TO)
Purchased more in November at $18.00
Owns and operates multi-family garden style properties in the Sunbelt states. The company has done a great job growing their cash flow and increasing their margins through rent increases and the overall demand for their products in Texas and Florida. They recently announced a 10 per cent increase in distribution. The stock trades at 4.5 per cent yield and pays a U.S. distribution which is a nice hedge against a falling Canadian dollar. The Reits have all been hit recently with the Fed tighting and I believe this makes for a good entry point.
MST.UN-T2016-12-20TOP PICKPeter Imhof
54% of their properties are in Texas and the rest in Florida. They just announced an increase in their distribution that takes effect in January. All these stocks have come off so he is accumulating more of this one. He likes the management team as they keep beating his expectations. They will continue to do well and may get bought out. They pay their distributions in US$. It is one of his larger positions. (Analysts’ Target: $22.15).
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Price:
$17.950
Subject:
NORTH AMERICAN - SMALL
Bias:
SELECTIVE
Owned:
Yes