Somewhat Favorable News Coverage Somewhat Unlikely to Impact Monogram Residential Trust (MORE) Stock Price
Media stories about Monogram Residential Trust (NYSE:MORE) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Monogram Residential Trust earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 44.2021368720814 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Monogram Residential Trust (MORE) remained flat at $$11.99 during trading on Wednesday. 13,856,000 shares of the company’s stock were exchanged, compared to its average volume of 1,744,941. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.82 and a current ratio of 1.82. Monogram Residential Trust has a twelve month low of $9.55 and a twelve month high of $12.09.
Several analysts recently issued reports on MORE shares. Robert W. Baird lowered shares of Monogram Residential Trust from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $11.00 to $12.00 in a research report on Tuesday, July 25th. BidaskClub lowered shares of Monogram Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. Zacks Investment Research upgraded shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, BMO Capital Markets lowered shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $12.50 to $12.00 in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $11.75.
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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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