WealthPLAN Partners LLC lifted its holdings in shares of Monogram Residential Trust, Inc. (NYSE:MORE) by 3,588.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,391 shares of the real estate investment trust’s stock after acquiring an additional 55,835 shares during the period. WealthPLAN Partners LLC’s holdings in Monogram Residential Trust were worth $557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Lincoln National Corp purchased a new position in Monogram Residential Trust in the 2nd quarter valued at $100,000. Utah Retirement Systems purchased a new position in Monogram Residential Trust in the 1st quarter valued at $102,000. RFG Advisory Group LLC purchased a new position in Monogram Residential Trust in the 2nd quarter valued at $106,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Monogram Residential Trust by 13.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,152 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 1,458 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Monogram Residential Trust by 34.8% in the 1st quarter. SG Americas Securities LLC now owns 14,055 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 3,629 shares during the last quarter. Institutional investors and hedge funds own 75.44% of the company’s stock.

A number of research firms recently weighed in on MORE. BidaskClub lowered shares of Monogram Residential Trust from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. JMP Securities lowered shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, July 10th. Zacks Investment Research 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 lowered shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $12.50 to $12.00 in a research report on Wednesday, August 9th. Finally, Robert W. Baird lowered shares of Monogram Residential Trust from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $11.00 to $12.00 in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.75.

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Shares of Monogram Residential Trust, Inc. (NYSE:MORE) remained flat at $11.99 during midday trading on Friday. The company’s stock had a trading volume of 13,856,098 shares. The stock has a market capitalization 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 firm’s 50 day moving average price is $11.97 and its 200 day moving average price is $10.73.

Monogram Residential Trust 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.

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

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