Buckingham Asset Management LLC continued to hold its position in Monogram Residential Trust, Inc. (NYSE:MORE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,000 shares of the real estate investment trust’s stock at the end of the second quarter. Buckingham Asset Management LLC’s holdings in Monogram Residential Trust were worth $194,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MORE. Lincoln National Corp bought a new stake in shares of Monogram Residential Trust during the second quarter valued at $100,000. Utah Retirement Systems bought a new stake in shares of Monogram Residential Trust during the first quarter valued at $102,000. Advisory Services Network LLC bought a new stake in shares of Monogram Residential Trust during the first quarter valued at $106,000. RFG Advisory Group LLC bought a new stake in shares of Monogram Residential Trust during the second quarter valued at $106,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of 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 valued at $127,000 after buying an additional 3,800 shares in the last quarter. 75.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Monogram Residential Trust, Inc. (NYSE MORE) opened at 11.95 on Tuesday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 18.16 and a beta of 0.80. The stock’s 50 day moving average is $11.94 and its 200 day moving average is $10.53. Monogram Residential Trust, Inc. has a 1-year low of $9.55 and a 1-year high of $12.09.

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Several equities research analysts have weighed in on MORE shares. Zacks Investment Research downgraded Monogram Residential Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. BMO Capital Markets reaffirmed a “buy” rating on shares of Monogram Residential Trust in a research report on Tuesday, July 4th. Canaccord Genuity set a $11.00 price target on Monogram Residential Trust and gave the stock a “hold” rating in a research report on Wednesday, July 5th. BidaskClub raised Monogram Residential Trust from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Robert W. Baird downgraded Monogram Residential Trust from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $11.00 to $12.00 in a research report on Tuesday, July 25th. Nine analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $11.70.

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.

Institutional Ownership by Quarter for Monogram Residential Trust (NYSE:MORE)

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