Monogram Residential Trust, Inc. (MORE) Given Average Rating of “Hold” by Analysts

Shares of Monogram Residential Trust, Inc. (NYSE:MORE) have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $11.75.

Several equities analysts have recently issued reports on the company. BidaskClub upgraded Monogram Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Monogram Residential Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. BMO Capital Markets cut Monogram Residential Trust from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $12.50 to $12.00 in a report on Wednesday, August 9th. Robert W. Baird cut Monogram Residential Trust from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $11.00 to $12.00 in a report on Tuesday, July 25th. Finally, Janney Montgomery Scott cut Monogram Residential Trust from a “buy” rating to a “neutral” rating in a report on Thursday, July 13th.

Monogram Residential Trust (NYSE:MORE) remained flat at $11.99 during mid-day trading on Tuesday. 801,516 shares of the company’s stock were exchanged. Monogram Residential Trust has a 52-week low of $9.55 and a 52-week high of $12.09. The company has a market capitalization of $2.00 billion, a P/E ratio of 18.22 and a beta of 0.80. The firm has a 50-day moving average of $11.56 and a 200 day moving average of $10.42.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Monogram Residential Trust by 0.6% in the second quarter. Vanguard Group Inc. now owns 25,766,871 shares of the real estate investment trust’s stock worth $250,196,000 after buying an additional 157,033 shares during the last quarter. Madison International Realty Holdings LLC increased its position in shares of Monogram Residential Trust by 5.7% in the first quarter. Madison International Realty Holdings LLC now owns 16,655,932 shares of the real estate investment trust’s stock worth $166,060,000 after buying an additional 903,842 shares in the last quarter. BlackRock Inc. increased its position in shares of Monogram Residential Trust by 0.5% in the second quarter. BlackRock Inc. now owns 14,720,654 shares of the real estate investment trust’s stock worth $142,938,000 after buying an additional 78,847 shares in the last quarter. FMR LLC increased its position in shares of Monogram Residential Trust by 3.1% in the second quarter. FMR LLC now owns 11,686,057 shares of the real estate investment trust’s stock worth $113,472,000 after buying an additional 350,963 shares in the last quarter. Finally, State Street Corp increased its position in shares of Monogram Residential Trust by 4.8% in the second quarter. State Street Corp now owns 5,732,568 shares of the real estate investment trust’s stock worth $55,661,000 after buying an additional 263,924 shares in the last quarter. Institutional investors and hedge funds own 75.04% of the company’s stock.

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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.

Analyst Recommendations for Monogram Residential Trust (NYSE:MORE)

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