Shares of Monogram Residential Trust, Inc. (NYSE:MORE) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.75.

A number of brokerages have commented on MORE. BMO Capital Markets cut shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $12.50 to $12.00 in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research upgraded shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Robert W. Baird lowered shares of Monogram Residential Trust from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $11.00 to $12.00 in a report on Tuesday, July 25th. Finally, JMP Securities lowered shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a report on Monday, July 10th.

A number of large investors have recently bought and sold shares of MORE. Russell Investments Group Ltd. raised its position in Monogram Residential Trust by 135.0% during the first quarter. Russell Investments Group Ltd. now owns 348,575 shares of the real estate investment trust’s stock worth $3,477,000 after acquiring an additional 200,274 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Monogram Residential Trust in the first quarter valued at about $106,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Monogram Residential Trust by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 161,838 shares of the real estate investment trust’s stock valued at $1,614,000 after buying an additional 1,121 shares during the last quarter. First Trust Advisors LP raised its position in shares of Monogram Residential Trust by 2.0% in the first quarter. First Trust Advisors LP now owns 100,726 shares of the real estate investment trust’s stock valued at $1,004,000 after buying an additional 1,988 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Monogram Residential Trust by 42.7% in the first quarter. Daiwa Securities Group Inc. now owns 12,700 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 3,800 shares during the last quarter. Institutional investors own 75.51% of the company’s stock.

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

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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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