Headlines about Monogram Residential Trust (NYSE:MORE) have trended positive this week, according to AlphaOne Sentiment Analysis. The research firm, a division of Accern, scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monogram Residential Trust earned a news impact score of 0.36 on AlphaOne’s scale. AlphaOne also gave media headlines about the real estate investment trust an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near future.
Several equities research analysts recently commented on MORE shares. Zacks Investment Research downgraded Monogram Residential Trust from a “hold” rating to a “sell” rating in a report on Friday, March 3rd. Canaccord Genuity set a $11.00 price objective on Monogram Residential Trust and gave the stock a “hold” rating in a report on Thursday, March 2nd. Finally, BMO Capital Markets restated a “buy” rating and set a $11.50 price objective on shares of Monogram Residential Trust in a report on Sunday, March 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Monogram Residential Trust has a consensus rating of “Buy” and an average target price of $11.61.
Shares of Monogram Residential Trust (NYSE:MORE) opened at 9.74 on Friday. Monogram Residential Trust has a 12-month low of $9.52 and a 12-month high of $10.97. The firm’s 50-day moving average price is $10.04 and its 200 day moving average price is $10.27. The stock has a market capitalization of $1.63 billion, a P/E ratio of 17.39 and a beta of 0.74.
Monogram Residential Trust (NYSE:MORE) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.01. Monogram Residential Trust had a negative net margin of 7.05% and a negative return on equity of 1.20%. The business had revenue of $73.34 million for the quarter, compared to the consensus estimate of $50.96 million. Analysts predict that Monogram Residential Trust will post $0.26 EPS for the current fiscal year.
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About Monogram Residential Trust
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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