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

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. “

Several other equities research analysts also recently issued reports on the company. Robert W. Baird started coverage on Monogram Residential Trust in a report on Friday, September 16th. They set an “outperform” rating and a $11.00 price target for the company. Janney Montgomery Scott started coverage on Monogram Residential Trust in a report on Thursday, September 8th. They set a “buy” rating and a $11.50 price target for the company. BTIG Research downgraded Monogram Residential Trust from a “buy” rating to a “neutral” rating in a report on Friday, November 4th. Finally, Mitsubishi UFJ Financial Group started coverage on Monogram Residential Trust in a report on Tuesday, October 18th. They set a “neutral” rating and a $11.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Monogram Residential Trust presently has a consensus rating of “Hold” and an average price target of $11.57.

Analyst Recommendations for Monogram Residential Trust (NYSE:MORE)

Monogram Residential Trust (NYSE:MORE) opened at 10.60 on Tuesday. The company’s 50-day moving average is $10.50 and its 200 day moving average is $10.31. Monogram Residential Trust has a 12 month low of $7.67 and a 12 month high of $10.90. The firm’s market cap is $1.77 billion.

Several large investors have recently bought and sold shares of the company. FMR LLC purchased a new stake in Monogram Residential Trust during the second quarter worth $98,703,000. Advisor Group Inc. purchased a new stake in Monogram Residential Trust during the second quarter worth $26,465,000. BlackRock Group LTD increased 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. increased 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. increased 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. 67.50% of the stock is owned by institutional investors.

About Monogram Residential Trust

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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