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

MORE has been the topic of several other reports. Canaccord Genuity set a $11.00 price target on Monogram Residential Trust and gave the stock a “hold” rating in a research note on Wednesday, May 10th. BMO Capital Markets reissued a “buy” rating on shares of Monogram Residential Trust in a research note on Tuesday, July 4th. Zacks Investment Research cut Monogram Residential Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. Mitsubishi UFJ Financial Group reissued a “neutral” rating and issued a $12.00 target price on shares of Monogram Residential Trust in a research note on Thursday, July 6th. Finally, Janney Montgomery Scott cut Monogram Residential Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, July 13th. Nine analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $11.82.

Monogram Residential Trust (MORE) traded down 0.42% during mid-day trading on Friday, reaching $11.93. 347,531 shares of the company’s stock were exchanged. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 18.13 and a beta of 0.80. Monogram Residential Trust has a one year low of $9.55 and a one year high of $12.09. The stock has a 50-day moving average of $11.44 and a 200-day moving average of $10.39.

Monogram Residential Trust (NYSE:MORE) last issued its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The firm had revenue of $73.34 million during the quarter, compared to analysts’ expectations of $50.96 million. Monogram Residential Trust had a return on equity of 7.00% and a net margin of 37.63%. On average, equities research analysts anticipate that Monogram Residential Trust will post $0.38 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its stake in Monogram Residential Trust by 0.5% in the second quarter. US Bancorp DE now owns 18,937 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 88 shares during the period. Amalgamated Bank boosted its stake in Monogram Residential Trust by 0.9% in the second quarter. Amalgamated Bank now owns 21,371 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 194 shares during the period. Principal Financial Group Inc. boosted its stake in Monogram Residential Trust by 2.4% in the second quarter. Principal Financial Group Inc. now owns 20,789 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 493 shares during the period. GAM Holding AG boosted its stake in Monogram Residential Trust by 7.9% in the second quarter. GAM Holding AG now owns 15,100 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 1,100 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in 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 period. 75.07% of the stock is currently owned by institutional investors.

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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