Monogram Residential Trust, Inc. (NYSE:MORE) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday.

Several other research firms have also commented on MORE. Zacks Investment Research lowered Monogram Residential Trust from a “hold” rating to a “sell” rating in a research report on Friday, March 3rd. Canaccord Genuity set a $11.00 target price on Monogram Residential Trust and gave the company a “hold” rating in a report on Thursday, March 2nd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $11.50 target price on shares of Monogram Residential Trust in a report on Sunday, March 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.61.

Analyst Recommendations for Monogram Residential Trust (NYSE:MORE)

Monogram Residential Trust (NYSE:MORE) remained flat at $9.96 during trading on Tuesday. 728,917 shares of the stock traded hands. Monogram Residential Trust has a 52 week low of $9.55 and a 52 week high of $10.97. The company has a 50 day moving average of $9.88 and a 200 day moving average of $10.19. The company has a market cap of $1.66 billion, a P/E ratio of 17.79 and a beta of 0.71.

Monogram Residential Trust (NYSE:MORE) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by $0.01. The firm had revenue of $73.34 million for the quarter, compared to analyst estimates of $50.96 million. Monogram Residential Trust had a return on equity of 6.01% and a net margin of 32.49%. On average, equities analysts anticipate that Monogram Residential Trust will post $0.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 30th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Wednesday, June 28th. Monogram Residential Trust’s payout ratio is currently 54.55%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in MORE. Public Employees Retirement System of Ohio raised its position in Monogram Residential Trust by 1.0% in the first quarter. Public Employees Retirement System of Ohio now owns 193,509 shares of the real estate investment trust’s stock worth $1,929,000 after buying an additional 2,001 shares during the last quarter. Tudor Investment Corp ET AL raised its position in Monogram Residential Trust by 121.1% in the first quarter. Tudor Investment Corp ET AL now owns 48,084 shares of the real estate investment trust’s stock worth $479,000 after buying an additional 26,334 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in Monogram Residential Trust by 1.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 127,283 shares of the real estate investment trust’s stock worth $1,269,000 after buying an additional 1,669 shares during the last quarter. Madison International Realty Holdings LLC raised its position in Monogram Residential Trust by 5.7% in the first quarter. Madison International Realty Holdings LLC now owns 16,655,932 shares of the real estate investment trust’s stock worth $166,060,000 after buying an additional 903,842 shares during the last quarter. Finally, State Street Corp raised its position in Monogram Residential Trust by 1.4% in the first quarter. State Street Corp now owns 5,468,644 shares of the real estate investment trust’s stock worth $54,529,000 after buying an additional 73,575 shares during the last quarter. 74.66% of the stock is currently owned by institutional investors and hedge funds.

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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