Breaking Finance News

Zacks Investment Research downgraded Monogram Residential Trust Inc (NYSE:MORE) to Sell in a statement released earlier today.

Zacks Investment Research has downgraded Monogram Residential Trust Inc (NYSE:MORE) to Sell in a report released on Thursday October 06, 2016.

On 9/16/2016, Robert W. Baird released a statement for Monogram Residential Trust Inc (NYSE:MORE) bumped up the target price from $0.00 to $11.00 that suggested an upside of 0.12%.

Boasting a price of $10.28, Monogram Residential Trust Inc (NYSE:MORE) traded -0.49% lower on the day. With the last stock price close up 0.00% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Monogram Residential Trust Inc has recorded a 50-day average of $10.33 and a two hundred day average of $10.20. Volume of trade was down over the average, with 759,319 shares of MORE changing hands under the typical 967,906

Performance Chart

Monogram Residential Trust Inc (NYSE:MORE)

With a total market value of $0, Monogram Residential Trust Inc has price-earnings ratio of 255.00 with a one year low of $7.67 and a one year high of $10.90 .

A total of 4 equity analysts have released a ratings update on MORE. zero firms rating the stock a strong buy, 1 firm rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $11.63.

About Monogram Residential Trust Inc (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 15,570 apartment homes.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *