Mitsubishi UFJ Financial Group reissued their neutral rating on shares of Monogram Residential Trust, Inc. (NYSE:MORE) in a research note published on Thursday, July 6th, Marketbeat reports. They currently have a $12.00 target price on the real estate investment trust’s stock.

A number of other research firms have also recently commented on MORE. BMO Capital Markets reiterated a buy rating and issued a $11.50 target price on shares of Monogram Residential Trust in a research note on Sunday, March 12th. BidaskClub upgraded shares of Monogram Residential Trust from a strong sell rating to a sell rating in a research note on Tuesday, June 13th. Zacks Investment Research cut shares of Monogram Residential Trust from a hold rating to a sell rating in a research note on Thursday, May 11th. Finally, Canaccord Genuity set a $11.00 target price on shares of Monogram Residential Trust and gave the stock a hold rating in a research note on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $11.75.

Monogram Residential Trust (NYSE:MORE) traded down 0.08% on Thursday, hitting $11.99. 1,941,861 shares of the stock traded hands. Monogram Residential Trust has a 12 month low of $9.55 and a 12 month high of $12.09. The company has a market capitalization of $2.00 billion, a PE ratio of 21.41 and a beta of 0.80. The firm has a 50-day moving average price of $11.04 and a 200-day moving average price of $10.31.

Monogram Residential Trust (NYSE:MORE) last released 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 company had revenue of $73.34 million during the quarter, compared to analyst estimates of $50.96 million. Monogram Residential Trust had a return on equity of 6.01% and a net margin of 32.49%. Analysts forecast that Monogram Residential Trust will post $0.37 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Friday, June 30th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.50%. The ex-dividend date was Wednesday, June 28th. Monogram Residential Trust’s payout ratio is 46.15%.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Monogram Residential Trust by 2.5% in the first quarter. Vanguard Group Inc. now owns 25,609,838 shares of the real estate investment trust’s stock valued at $255,330,000 after buying an additional 617,417 shares during the last quarter. Madison International Realty Holdings LLC boosted its stake in shares of Monogram Residential Trust by 5.7% in the first quarter. Madison International Realty Holdings LLC now owns 16,655,932 shares of the real estate investment trust’s stock valued at $166,060,000 after buying an additional 903,842 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Monogram Residential Trust by 5,557.5% in the first quarter. BlackRock Inc. now owns 14,641,807 shares of the real estate investment trust’s stock valued at $145,980,000 after buying an additional 14,383,005 shares during the last quarter. State Street Corp boosted its stake in shares of Monogram Residential Trust by 1.4% in the first quarter. State Street Corp now owns 5,468,644 shares of the real estate investment trust’s stock valued at $54,529,000 after buying an additional 73,575 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Monogram Residential Trust by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 2,871,756 shares of the real estate investment trust’s stock valued at $31,072,000 after buying an additional 11,968 shares during the last quarter. Institutional investors and hedge funds own 74.73% of the company’s stock.

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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