Schwab Charles Investment Management Inc. raised its position in Monogram Residential Trust, Inc. (NYSE:MORE) by 13.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,874,364 shares of the real estate investment trust’s stock after purchasing an additional 226,468 shares during the period. Schwab Charles Investment Management Inc. owned 1.12% of Monogram Residential Trust worth $18,201,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Parametric Portfolio Associates LLC boosted its holdings in Monogram Residential Trust by 16.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 259,422 shares of the real estate investment trust’s stock valued at $2,586,000 after purchasing an additional 36,525 shares during the period. Credit Agricole S A boosted its holdings in Monogram Residential Trust by 9.8% in the 1st quarter. Credit Agricole S A now owns 116,748 shares of the real estate investment trust’s stock valued at $1,164,000 after purchasing an additional 10,378 shares during the period. Vanguard Group Inc. boosted its holdings in Monogram Residential Trust by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 25,609,838 shares of the real estate investment trust’s stock valued at $255,330,000 after purchasing an additional 617,417 shares during the period. Morgan Stanley boosted its holdings in Monogram Residential Trust by 26.1% in the 1st quarter. Morgan Stanley now owns 1,201,399 shares of the real estate investment trust’s stock valued at $11,978,000 after purchasing an additional 248,880 shares during the period. Finally, BlackRock Inc. boosted its holdings in Monogram Residential Trust by 5,557.5% in the 1st quarter. BlackRock Inc. now owns 14,641,807 shares of the real estate investment trust’s stock valued at $145,980,000 after purchasing an additional 14,383,005 shares during the period. 75.44% of the stock is owned by hedge funds and other institutional investors.

Shares of Monogram Residential Trust, Inc. (NYSE MORE) opened at 11.99 on Friday. The stock has a market cap of $2.00 billion, a PE ratio of 18.22 and a beta of 0.80. Monogram Residential Trust, Inc. has a 52-week low of $9.55 and a 52-week high of $12.09. The stock’s 50 day moving average is $11.97 and its 200 day moving average is $10.73.

MORE has been the subject of several analyst reports. BMO Capital Markets reissued a “buy” rating on shares of Monogram Residential Trust in a report on Tuesday, July 4th. Canaccord Genuity set a $11.00 price target on shares of Monogram Residential Trust and gave the company a “hold” rating in a report on Wednesday, July 5th. BidaskClub raised shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research raised shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, JMP Securities downgraded shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Monogram Residential Trust has a consensus rating of “Hold” and an average target price of $11.75.

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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.

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

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