News coverage about Monogram Residential Trust (NYSE:MORE) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Monogram Residential Trust earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.8779022005431 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Monogram Residential Trust (NYSE:MORE) traded down 0.25% during mid-day trading on Friday, reaching $11.95. The company had a trading volume of 955,255 shares. The firm has a market capitalization of $2.00 billion, a PE ratio of 18.16 and a beta of 0.80. The stock has a 50 day moving average price of $11.50 and a 200 day moving average price of $10.40. Monogram Residential Trust has a 12-month low of $9.55 and a 12-month high of $12.09.

Monogram Residential Trust (NYSE:MORE) last announced its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The company had revenue of $73.34 million during the quarter, compared to analysts’ expectations of $50.96 million. Monogram Residential Trust had a return on equity of 7.00% and a net margin of 37.63%. On average, equities analysts forecast that Monogram Residential Trust will post $0.38 earnings per share for the current year.

Several research firms have recently weighed in on MORE. BidaskClub upgraded Monogram Residential Trust from a “sell” rating to a “hold” rating in a report on Friday. JMP Securities cut Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a report on Monday, July 10th. Zacks Investment Research cut Monogram Residential Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BMO Capital Markets cut Monogram Residential Trust from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $12.50 to $12.00 in a report on Wednesday. Finally, Robert W. Baird cut Monogram Residential Trust from an “outperform” rating to a “neutral” rating and upped their target price for the company from $11.00 to $12.00 in a report on Tuesday, July 25th. Nine research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $11.79.

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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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