Monogram Residential Trust, Inc. (NYSE:MORE)‘s stock had its “buy” rating reaffirmed by equities research analysts at BMO Capital Markets in a research note issued to investors on Tuesday, July 4th.
A number of other research firms also recently commented on MORE. BidaskClub upgraded Monogram Residential Trust from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Canaccord Genuity set a $11.00 target price on Monogram Residential Trust and gave the company a “hold” rating in a research report on Wednesday, May 10th. Finally, Zacks Investment Research lowered Monogram Residential Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.75.
Shares of Monogram Residential Trust (NYSE:MORE) traded up 0.08% during mid-day trading on Tuesday, reaching $11.95. The company had a trading volume of 2,024,773 shares. Monogram Residential Trust has a 52-week low of $9.55 and a 52-week high of $12.00. The company has a market capitalization of $2.00 billion, a PE ratio of 21.34 and a beta of 0.71. The company’s 50-day moving average price is $10.80 and its 200-day moving average price is $10.27.
Monogram Residential Trust (NYSE:MORE) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $73.34 million for the quarter, compared to the consensus estimate of $50.96 million. Monogram Residential Trust had a net margin of 32.49% and a return on equity of 6.01%. On average, analysts forecast that Monogram Residential Trust will post $0.37 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the company. Utah Retirement Systems acquired a new stake in Monogram Residential Trust during the first quarter worth $102,000. Advisory Services Network LLC acquired a new stake in Monogram Residential Trust during the first quarter worth $106,000. Daiwa Securities Group Inc. raised its stake in Monogram Residential Trust by 42.7% in the first quarter. Daiwa Securities Group Inc. now owns 12,700 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 3,800 shares during the last quarter. SG Americas Securities LLC raised its stake in Monogram Residential Trust by 34.8% in the first quarter. SG Americas Securities LLC now owns 14,055 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 3,629 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Monogram Residential Trust by 233.7% in the first quarter. Sei Investments Co. now owns 15,252 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 10,681 shares during the last quarter. Institutional investors and hedge funds own 74.58% 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.
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