“AmREIT, Inc.” Reaches New 12-Month Low at $14.97 (AMRE)
“AmREIT, Inc.” (NASDAQ:AMRE)’s share price reached a new 52-week low during trading on Monday, Analyst RN reports. The stock traded as low as $14.97 and last traded at $15.66, with a volume of 24,118 shares traded. The stock had previously closed at $15.89.
Separately, analysts at Zacks upgraded shares of “AmREIT, Inc.” from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 17th. They now have a $18.80 price target on the stock. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $19.95.
“AmREIT, Inc.” has a one year low of $15.68 and a one year high of $21.06. The stock has a 50-day moving average of $16.57 and a 200-day moving average of $17.32. The company has a market cap of $308.2 million and a P/E ratio of 23.68.
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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