Robert W. Baird initiated coverage on shares of Monogram Residential Trust Inc. (NYSE:MORE) in a research report released on Friday morning. The brokerage issued an outperform rating and a $11.00 target price on the stock.

Several other brokerages also recently weighed in on MORE. BMO Capital Markets began coverage on shares of Monogram Residential Trust in a research note on Friday, June 17th. They issued an outperform rating and a $12.50 target price for the company. Canaccord Genuity began coverage on shares of Monogram Residential Trust in a research note on Tuesday, June 28th. They issued a hold rating and a $11.00 target price for the company. Zacks Investment Research upgraded shares of Monogram Residential Trust from a hold rating to a buy rating and set a $12.00 target price for the company in a research note on Thursday, August 11th. BTIG Research began coverage on shares of Monogram Residential Trust in a research note on Thursday, August 25th. They issued a buy rating and a $12.25 target price for the company. Finally, Janney Montgomery Scott began coverage on shares of Monogram Residential Trust in a research note on Thursday, September 8th. They issued a buy rating and a $11.50 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $11.63.

Shares of Monogram Residential Trust (NYSE:MORE) opened at 10.06 on Friday. Monogram Residential Trust has a 12 month low of $7.67 and a 12 month high of $10.80. The stock’s 50 day moving average is $10.32 and its 200-day moving average is $10.16. The company has a market cap of $1.68 billion, a P/E ratio of 251.50 and a beta of 0.81.

Monogram Residential Trust (NYSE:MORE) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.09. Monogram Residential Trust had a net margin of 3.08% and a return on equity of 0.49%. The firm had revenue of $68.55 million for the quarter, compared to the consensus estimate of $67.40 million. On average, equities analysts forecast that Monogram Residential Trust will post $0.36 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 30th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.98%. Monogram Residential Trust’s dividend payout ratio is currently 750.19%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. M&T Bank Corp acquired a new position in shares of Monogram Residential Trust during the first quarter valued at about $100,000. Credit Agricole S A boosted its position in shares of Monogram Residential Trust by 2.9% in the first quarter. Credit Agricole S A now owns 56,391 shares of the company’s stock valued at $556,000 after buying an additional 1,608 shares during the period. BlackRock Inc. boosted its position in shares of Monogram Residential Trust by 3,648.5% in the first quarter. BlackRock Inc. now owns 166,658 shares of the company’s stock valued at $1,643,000 after buying an additional 162,212 shares during the period. Norges Bank acquired a new position in shares of Monogram Residential Trust during the fourth quarter valued at about $15,383,000. Finally, Barclays PLC boosted its position in shares of Monogram Residential Trust by 263.8% in the first quarter. Barclays PLC now owns 354,757 shares of the company’s stock valued at $3,193,000 after buying an additional 257,249 shares during the period. 66.96% of the stock is owned by institutional investors and hedge funds.

About Monogram Residential Trust

Monogram Residential Trust, Inc (Monogram) is an integrated self-managed real estate investment trust (REIT) that invests in, develops and operates multifamily communities offering location and lifestyle amenities. The Company focuses on increasing earnings, long-term shareholder value and cash flow through the acquisition, development, and operation of its multifamily communities and the disposition of selected multifamily communities in its portfolio.

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