Monogram Residential Trust, Inc. was a big mover last session, as the company saw its shares rise over 21% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $9.68 to $9.96 in the past one month time frame.

The move came after the company declared its buyout by Greystar Led Fund in a transaction worth $3.0 billion.

The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Monogram Residential Trust currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%. 

A better-ranked stock in the REIT and Equity Trust - Residential industry is American Campus Communities, Inc. , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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