KCG Holdings Inc. increased its position in shares of Monogram Residential Trust, Inc. (NYSE:MORE) by 18.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,619 shares of the real estate investment trust’s stock after buying an additional 5,976 shares during the period. KCG Holdings Inc.’s holdings in Monogram Residential Trust were worth $385,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of MORE. BlackRock Inc. raised its stake in Monogram Residential Trust by 5,557.5% in the first quarter. BlackRock Inc. now owns 14,641,807 shares of the real estate investment trust’s stock worth $145,980,000 after buying an additional 14,383,005 shares during the period. Norges Bank bought a new stake in Monogram Residential Trust during the fourth quarter worth about $19,842,000. Renaissance Technologies LLC raised its stake in Monogram Residential Trust by 470.4% in the first quarter. Renaissance Technologies LLC now owns 1,403,700 shares of the real estate investment trust’s stock worth $13,995,000 after buying an additional 1,157,600 shares during the period. Dimensional Fund Advisors LP raised its stake in Monogram Residential Trust by 89.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,742,407 shares of the real estate investment trust’s stock worth $17,371,000 after buying an additional 823,689 shares during the period. Finally, Vanguard Group Inc. raised its stake 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 worth $255,330,000 after buying an additional 617,417 shares during the period. Institutional investors and hedge funds own 74.58% of the company’s stock.
Monogram Residential Trust, Inc. (MORE) opened at 11.87 on Tuesday. The company has a 50-day moving average price of $9.80 and a 200 day moving average price of $10.14. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 21.20 and a beta of 0.71. Monogram Residential Trust, Inc. has a 12 month low of $9.55 and a 12 month high of $12.00.
Monogram Residential Trust (NYSE:MORE) last released its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 EPS 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 6.01% and a net margin of 32.49%. Equities analysts predict that Monogram Residential Trust, Inc. will post $0.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Friday, June 30th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.30 annualized dividend and a yield of 2.53%. Monogram Residential Trust’s payout ratio is currently 54.55%.
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MORE has been the subject of a number of analyst reports. Zacks Investment Research lowered Monogram Residential Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. BidaskClub upgraded Monogram Residential Trust from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. BMO Capital Markets restated a “buy” rating on shares of Monogram Residential Trust in a research report on Tuesday, July 4th. Canaccord Genuity set a $11.00 price target on Monogram Residential Trust and gave the company a “hold” rating in a research report on Wednesday, May 10th. Finally, Mitsubishi UFJ Financial Group restated a “neutral” rating and issued a $12.00 price target on shares of Monogram Residential Trust in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.61.
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.
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