Monogram Residential Trust, Inc. (NYSE:MORE) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other analysts have also recently weighed in on MORE. BMO Capital Markets reiterated a “buy” rating on shares of Monogram Residential Trust in a report on Tuesday, July 4th. Canaccord Genuity set a $11.00 price target on shares of Monogram Residential Trust and gave the company a “hold” rating in a report on Wednesday, July 5th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating and issued a $12.00 price target on shares of Monogram Residential Trust in a report on Thursday, July 6th. JMP Securities cut shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a report on Monday, July 10th. Finally, Janney Montgomery Scott cut shares of Monogram Residential Trust from a “buy” rating to a “neutral” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. Monogram Residential Trust currently has an average rating of “Hold” and an average target price of $11.75.

Shares of Monogram Residential Trust (NYSE MORE) remained flat at $11.92 on Friday. The company’s stock had a trading volume of 1,789,886 shares. The firm has a 50 day moving average price of $11.96 and a 200 day moving average price of $10.64. Monogram Residential Trust has a 52 week low of $9.55 and a 52 week high of $12.09. The company has a market capitalization of $1.99 billion, a PE ratio of 18.12 and a beta of 0.80.

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Hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC boosted its holdings in shares of Monogram Residential Trust by 16.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 259,422 shares of the real estate investment trust’s stock valued at $2,586,000 after buying an additional 36,525 shares in the last quarter. Credit Agricole S A boosted its holdings in shares of Monogram Residential Trust by 9.8% during the 1st quarter. Credit Agricole S A now owns 116,748 shares of the real estate investment trust’s stock valued at $1,164,000 after buying an additional 10,378 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Monogram Residential Trust by 0.5% during the 2nd quarter. Prudential Financial Inc. now owns 3,058,961 shares of the real estate investment trust’s stock valued at $29,703,000 after buying an additional 15,682 shares in the last quarter. IndexIQ Advisors LLC boosted its holdings in shares of Monogram Residential Trust by 11.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 200,760 shares of the real estate investment trust’s stock valued at $1,949,000 after buying an additional 20,972 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Monogram Residential Trust by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 25,609,838 shares of the real estate investment trust’s stock valued at $255,330,000 after buying an additional 617,417 shares in the last quarter. Hedge funds and other institutional investors own 75.51% of the company’s stock.

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.

Analyst Recommendations for Monogram Residential Trust (NYSE:MORE)

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