Monogram Residential Trust Inc. (NYSE:MORE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “Monogram Residential Trust, Inc. is a self-managed real estate investment trust. It invests in, develops and operates multifamily communities offering location and lifestyle amenities. The Company invests in stabilized operating properties and properties in various phases of development, with a focus on communities located in the top 50 Metropolitan Statistical Areas of the United States. Monogram Residential Trust, Inc. is based in Addison, Texas. “

Other equities analysts have also issued reports about the stock. Janney Montgomery Scott initiated coverage on shares of Monogram Residential Trust in a research report on Thursday, September 8th. They set a “buy” rating and a $11.50 price target for the company. BTIG Research initiated coverage on shares of Monogram Residential Trust in a research report on Thursday, August 25th. They set a “buy” rating and a $12.25 price target for the company. Mitsubishi UFJ Financial Group initiated coverage on shares of Monogram Residential Trust in a research report on Tuesday, October 18th. They set a “neutral” rating and a $11.00 price target for the company. Finally, Robert W. Baird initiated coverage on shares of Monogram Residential Trust in a research report on Friday, September 16th. They set an “outperform” rating and a $11.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Monogram Residential Trust currently has an average rating of “Hold” and a consensus target price of $11.57.

Analyst Recommendations for Monogram Residential Trust (NYSE:MORE)

Shares of Monogram Residential Trust (NYSE:MORE) opened at 10.44 on Wednesday. The stock’s market cap is $1.74 billion. Monogram Residential Trust has a 1-year low of $7.67 and a 1-year high of $10.90. The company’s 50-day moving average is $10.47 and its 200-day moving average is $10.29.

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC bought a new stake in Monogram Residential Trust during the second quarter worth about $98,703,000. Advisor Group Inc. bought a new stake in Monogram Residential Trust during the second quarter worth about $26,465,000. BlackRock Group LTD boosted its stake in Monogram Residential Trust by 103.7% in the third quarter. BlackRock Group LTD now owns 1,154,369 shares of the company’s stock worth $12,282,000 after buying an additional 587,682 shares in the last quarter. Vanguard Group Inc. boosted its stake in Monogram Residential Trust by 2.4% in the second quarter. Vanguard Group Inc. now owns 24,445,462 shares of the company’s stock worth $249,589,000 after buying an additional 583,577 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its stake in Monogram Residential Trust by 23.1% in the second quarter. Teachers Advisors Inc. now owns 2,856,900 shares of the company’s stock worth $29,169,000 after buying an additional 535,365 shares in the last quarter. 66.71% of the stock is currently owned by hedge funds and other institutional investors.

Monogram Residential Trust Company Profile

Monogram Residential Trust, Inc (Monogram) is an integrated self-managed real estate investment trust (REIT) that invests in, develops and operates multifamily communities offering location and lifestyle amenities. The Company focuses on increasing earnings, long-term shareholder value and cash flow through the acquisition, development, and operation of its multifamily communities and the disposition of selected multifamily communities in its portfolio.

5 Day Chart for NYSE:MORE

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