IndexIQ Advisors LLC Boosts Position in Monogram Residential Trust, Inc. (MORE)

IndexIQ Advisors LLC increased its position in shares of Monogram Residential Trust, Inc. (NYSE:MORE) by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,760 shares of the real estate investment trust’s stock after buying an additional 20,972 shares during the period. IndexIQ Advisors LLC owned 0.12% of Monogram Residential Trust worth $1,949,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of MORE. Vanguard Group Inc. increased 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 last quarter. Madison International Realty Holdings LLC increased its stake in 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 during the last quarter. BlackRock Inc. increased 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 last quarter. State Street Corp increased its stake in Monogram Residential Trust by 1.4% in the first quarter. State Street Corp now owns 5,468,644 shares of the real estate investment trust’s stock worth $54,529,000 after buying an additional 73,575 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Monogram Residential Trust by 0.5% in the second quarter. Prudential Financial Inc. now owns 3,058,961 shares of the real estate investment trust’s stock worth $29,703,000 after buying an additional 15,682 shares during the last quarter. Institutional investors own 75.51% of the company’s stock.

Monogram Residential Trust, Inc. (MORE) opened at 11.97 on Wednesday. The company’s 50 day moving average price is $11.94 and its 200 day moving average price is $10.53. The firm has a market capitalization of $2.00 billion, a P/E ratio of 18.19 and a beta of 0.80. Monogram Residential Trust, Inc. has a 12 month low of $9.55 and a 12 month high of $12.09.

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MORE has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. JMP Securities downgraded shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, July 10th. BMO Capital Markets downgraded shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $12.50 to $12.00 in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Monogram Residential Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Robert W. Baird downgraded shares of Monogram Residential Trust from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $11.00 to $12.00 in a research report on Tuesday, July 25th. Nine analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $11.70.

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.

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

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