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

BidaskClub lowered shares of Monogram Residential Trust, Inc. (NYSE:MORE) from a hold rating to a sell rating in a research report report published on Saturday morning.

Several other brokerages have also recently weighed in on MORE. BMO Capital Markets cut shares of Monogram Residential Trust from an outperform rating to a market perform rating and lowered their price target for the company from $12.50 to $12.00 in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Monogram Residential Trust from a sell rating to a hold rating in a research report on Thursday, August 10th. Robert W. Baird cut shares of Monogram Residential Trust from an outperform rating to a neutral rating and boosted their price target for the company from $11.00 to $12.00 in a research report on Tuesday, July 25th. JMP Securities cut shares of Monogram Residential Trust from an outperform rating to a market perform rating in a research report on Monday, July 10th. Finally, Mitsubishi UFJ Financial Group reissued a neutral rating and set a $12.00 price target on shares of Monogram Residential Trust in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Monogram Residential Trust presently has a consensus rating of Hold and an average price target of $11.75.

Shares of Monogram Residential Trust (NYSE MORE) opened at 11.95 on Friday. The stock has a 50 day moving average of $11.97 and a 200 day moving average of $10.66. The stock has a market cap of $2.00 billion, a P/E ratio of 18.16 and a beta of 0.80. Monogram Residential Trust has a 52 week low of $9.55 and a 52 week high of $12.09.

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Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in Monogram Residential Trust by 135.0% in the 1st quarter. Russell Investments Group Ltd. now owns 348,575 shares of the real estate investment trust’s stock valued at $3,477,000 after buying an additional 200,274 shares during the period. Advisory Services Network LLC purchased a new stake in Monogram Residential Trust in the 1st quarter valued at about $106,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Monogram Residential Trust by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 161,838 shares of the real estate investment trust’s stock valued at $1,614,000 after buying an additional 1,121 shares during the period. First Trust Advisors LP raised its holdings in Monogram Residential Trust by 2.0% in the 1st quarter. First Trust Advisors LP now owns 100,726 shares of the real estate investment trust’s stock valued at $1,004,000 after buying an additional 1,988 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in Monogram Residential Trust by 42.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 12,700 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 3,800 shares during the period. 75.51% of the stock is currently owned by hedge funds and other institutional investors.

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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