A statement released earlier today by Robert W. Baird about Monogram Residential Trust (NYSE:MORE) bumps the target price to $11.00
- Updated: September 15, 2016
Robert W. Baird raised the estimated target of Monogram Residential Trust (NYSE:MORE) to $11, stating a possible upside of 0.12%.
Just yesterday Monogram Residential Trust (NYSE:MORE) traded 0.20% higher at $9.80. Monogram Residential Trust’s 50-day average is $10.40 and its two hundred day moving average is $10.14. The last close is down 3.36% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. 512,538 shares of MORE were exchanged, down from ann average volume of 852,519.
Recent Performance Graph:
Monogram Residential Trust has a PE of 245 with a one-year low of $7.67 and a 52 week high of $10.80. MORE’s market capitalization is currently $0.0.
A total of 4 firms have released a report on the stock. Zero rate the company a strong buy, one analyst rate the stock a buy, two analyts rate the company a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the stock as sell with an average target of $11.63
General Company Details For Monogram Residential Trust (NYSE:MORE)
Monogram Residential Trust, Inc. (Monogram) is an integrated self-managed real estate investment trust (REIT) that invests in, develops and operates multifamily communities offering location and lifestyle amenities. The Company focuses on increasing earnings, long-term shareholder value and cash flow through the acquisition, development, and operation of its multifamily communities and the disposition of selected multifamily communities in its portfolio. It invests in operating communities and communities in various phases of development. These include luxury high-rise, mid-rise and garden style multifamily communities. Its targeted communities include existing core communities, as well as communities in various phases of development, redevelopment, lease up or repositioning with the intent to transition those communities to core communities. Monogram’s portfolio includes investments in over 60 multifamily communities in over 10 states comprising approximately 15, and 570 apartment homes.
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