Monogram Residential Trust (MORE) Getting Somewhat Favorable News Coverage, Study Shows
Media coverage about Monogram Residential Trust (NYSE:MORE) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monogram Residential Trust earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.234316991438 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Monogram Residential Trust (NYSE:MORE) opened at 11.95 on Wednesday. The firm’s 50-day moving average price is $11.94 and its 200 day moving average price is $10.53. The stock has a market cap of $2.00 billion, a P/E ratio of 18.16 and a beta of 0.80. Monogram Residential Trust has a one year low of $9.55 and a one year high of $12.09.
Several equities analysts recently issued reports on MORE shares. BMO Capital Markets reissued a “buy” rating on shares of Monogram Residential Trust in a research note on Tuesday, July 4th. Canaccord Genuity set a $11.00 target price on Monogram Residential Trust and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Zacks Investment Research raised Monogram Residential Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub raised Monogram Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, JMP Securities lowered Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, July 10th. Nine research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $11.70.
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Monogram Residential Trust Company Profile
Monogram Residential Trust, Inc is a self-managed real estate investment trust (REIT). The Company invests in, develops and operates multifamily communities offering location and lifestyle amenities. The Company also invests in stabilized operating communities and communities in various phases of development, with a focus on communities in select markets across the United States.
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