Strs Ohio cut its stake in Monogram Residential Trust, Inc. (NYSE:MORE) by 13.2% during the second quarter, Holdings Channel reports. The firm owned 265,335 shares of the real estate investment trust’s stock after selling 40,489 shares during the period. Strs Ohio’s holdings in Monogram Residential Trust were worth $2,576,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Monogram Residential Trust by 49.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 918,718 shares of the real estate investment trust’s stock valued at $9,940,000 after buying an additional 303,791 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Monogram Residential Trust by 16.4% in the first 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 position in Monogram Residential Trust by 9.8% in the first 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. Vanguard Group Inc. boosted its position in Monogram Residential Trust by 2.5% in the first 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. Finally, Morgan Stanley boosted its position in Monogram Residential Trust by 26.1% in the first quarter. Morgan Stanley now owns 1,201,399 shares of the real estate investment trust’s stock valued at $11,978,000 after buying an additional 248,880 shares in the last quarter. Institutional investors own 75.07% of the company’s stock.

Monogram Residential Trust, Inc. (MORE) opened at 12.01 on Thursday. The firm has a market capitalization of $2.01 billion, a PE ratio of 21.45 and a beta of 0.80. Monogram Residential Trust, Inc. has a 12 month low of $9.55 and a 12 month high of $12.09. The company’s 50-day moving average price is $11.38 and its 200 day moving average price is $10.38.

Monogram Residential Trust (NYSE:MORE) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. Monogram Residential Trust had a return on equity of 7.00% and a net margin of 37.63%. The business had revenue of $73.34 million during the quarter, compared to analysts’ expectations of $50.96 million. On average, equities research analysts predict that Monogram Residential Trust, Inc. will post $0.37 earnings per share for the current year.

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Several research analysts have recently weighed in on MORE shares. Zacks Investment Research cut Monogram Residential Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Canaccord Genuity set a $11.00 price objective on Monogram Residential Trust and gave the stock a “hold” rating in a research report on Wednesday, May 10th. BidaskClub raised Monogram Residential Trust from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. BMO Capital Markets reaffirmed a “buy” rating on shares of Monogram Residential Trust in a research report on Tuesday, July 4th. Finally, Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating and set a $12.00 price objective on shares of Monogram Residential Trust in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $11.75.

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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Institutional Ownership by Quarter for Monogram Residential Trust (NYSE:MORE)

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