BidaskClub Lowers Monogram Residential Trust, Inc. (MORE) to Sell

BidaskClub downgraded shares of Monogram Residential Trust, Inc. (NYSE:MORE) from a hold rating to a sell rating in a research note released on Saturday.

MORE has been the topic of several other research reports. Mitsubishi UFJ Financial Group reaffirmed a neutral rating and issued a $12.00 price target on shares of Monogram Residential Trust in a research note on Thursday, July 6th. Canaccord Genuity set a $11.00 target price on shares of Monogram Residential Trust and gave the stock a hold rating in a report on Wednesday, July 5th. Janney Montgomery Scott cut shares of Monogram Residential Trust from a buy rating to a neutral rating in a report on Thursday, July 13th. BMO Capital Markets reiterated a buy rating on shares of Monogram Residential Trust in a report on Tuesday, July 4th. Finally, Robert W. Baird cut shares of Monogram Residential Trust from an outperform rating to a neutral rating and increased their target price for the stock from $11.00 to $12.00 in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Monogram Residential Trust has an average rating of Hold and an average target price of $11.75.

Monogram Residential Trust (MORE) opened at 11.97 on Friday. The company’s 50-day moving average is $11.97 and its 200-day moving average is $10.65. The stock has a market capitalization of $2.00 billion, a PE ratio of 18.19 and a beta of 0.80. Monogram Residential Trust has a 12 month low of $9.55 and a 12 month high of $12.09.

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A number of institutional investors have recently modified their holdings of MORE. BlackRock Inc. grew its holdings in Monogram Residential Trust by 5,557.5% during the 1st quarter. BlackRock Inc. now owns 14,641,807 shares of the real estate investment trust’s stock worth $145,980,000 after acquiring an additional 14,383,005 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Monogram Residential Trust by 470.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,403,700 shares of the real estate investment trust’s stock worth $13,995,000 after acquiring an additional 1,157,600 shares in the last quarter. Madison International Realty Holdings LLC grew its holdings in Monogram Residential Trust by 5.7% during the 1st 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 acquiring an additional 903,842 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Monogram Residential Trust by 47.6% during the 1st quarter. Nuveen Asset Management LLC now owns 2,773,544 shares of the real estate investment trust’s stock worth $27,652,000 after acquiring an additional 894,287 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Monogram Residential Trust by 89.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,742,407 shares of the real estate investment trust’s stock worth $17,371,000 after acquiring an additional 823,689 shares in the last quarter. Institutional investors own 75.51% of the company’s stock.

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.

Analyst Recommendations for Monogram Residential Trust (NYSE:MORE)

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