“AmREIT, Inc.” Upgraded by Zacks to “Outperform” (AMRE)
“AmREIT, Inc.” (NASDAQ:AMRE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a $18.80 price target on the stock. Zacks‘ target price points to a potential upside of 14.91% from the company’s current price.
Shares of “AmREIT, Inc.” (NASDAQ:AMRE) traded down 1.71% during mid-day trading on Friday, hitting $16.08. The stock had a trading volume of 35,846 shares. “AmREIT, Inc.” has a 1-year low of $15.68 and a 1-year high of $21.06. The stock’s 50-day moving average is $16.70 and its 200-day moving average is $17.42. The company has a market cap of $315.6 million and a P/E ratio of 24.38.
“AmREIT, Inc.” (NASDAQ:AMRE) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.24 EPS for the quarter. The company had revenue of $11.62 million for the quarter, compared to the consensus estimate of $9.98 million. Analysts expect that “AmREIT, Inc.” will post $0.79 EPS for the current fiscal year.
AmREIT, Inc (NASDAQ:AMRE) is a full-service, vertically integrated and self-administered real estate investment trust (REIT), which owns, operates, acquires and selectively develops and redevelops neighborhood and community shopping centers, which it refers to as Irreplaceable Corners.
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