Monogram Residential Trust, Inc. (NYSE:MORE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Monogram Residential Trust, Inc. is a self-managed real estate investment trust. It invests in, develops and operates multifamily communities offering location and lifestyle amenities. The Company invests in stabilized operating properties and properties in various phases of development, with a focus on communities located in the top 50 Metropolitan Statistical Areas of the United States. Monogram Residential Trust, Inc. is based in Addison, Texas. “

MORE has been the topic of several other reports. Canaccord Genuity set a $11.00 target price on shares of Monogram Residential Trust and gave the stock a “hold” rating in a research report on Wednesday, May 10th. BidaskClub lowered shares of Monogram Residential Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BMO Capital Markets restated a “buy” rating on shares of Monogram Residential Trust in a research report on Tuesday, July 4th. Mitsubishi UFJ Financial Group restated a “neutral” rating and set a $12.00 target price on shares of Monogram Residential Trust in a research report on Thursday, July 6th. Finally, Janney Montgomery Scott lowered shares of Monogram Residential Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Monogram Residential Trust currently has a consensus rating of “Hold” and a consensus target price of $11.82.

Shares of Monogram Residential Trust (NYSE MORE) traded down 0.25% during mid-day trading on Thursday, reaching $11.98. 1,980,719 shares of the company were exchanged. The stock has a 50 day moving average price of $11.44 and a 200-day moving average price of $10.39. Monogram Residential Trust has a 12 month low of $9.55 and a 12 month high of $12.09. The stock has a market capitalization of $2.00 billion, a P/E ratio of 18.21 and a beta of 0.80.

Monogram Residential Trust (NYSE:MORE) last issued its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by $0.01. The company had revenue of $73.34 million for 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%. Analysts predict 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 company. Dimensional Fund Advisors LP raised its stake 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. Renaissance Technologies LLC raised its stake in Monogram Residential Trust by 189.2% in the fourth quarter. Renaissance Technologies LLC now owns 246,100 shares of the real estate investment trust’s stock valued at $2,663,000 after buying an additional 161,000 shares in the last quarter. CWM LLC acquired a new stake in Monogram Residential Trust during the first quarter valued at approximately $184,000. State of Alaska Department of Revenue raised its stake in Monogram Residential Trust by 31.9% in the first quarter. State of Alaska Department of Revenue now owns 91,970 shares of the real estate investment trust’s stock valued at $916,000 after buying an additional 22,260 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Monogram Residential Trust by 28.7% in the first quarter. Fisher Asset Management LLC now owns 69,650 shares of the real estate investment trust’s stock valued at $694,000 after buying an additional 15,525 shares in the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.

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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Analyst Recommendations for Monogram Residential Trust (NYSE:MORE)

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