Legal & General Group Plc raised its position in shares of Monogram Residential Trust, Inc. (NYSE:MORE) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 440,472 shares of the real estate investment trust’s stock after buying an additional 11,796 shares during the quarter. Legal & General Group Plc owned about 0.26% of Monogram Residential Trust worth $4,278,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Utah Retirement Systems purchased a new position in Monogram Residential Trust during the first quarter valued at $102,000. Daiwa Securities Group Inc. lifted its position in Monogram Residential Trust by 42.7% during 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 during the period. SG Americas Securities LLC lifted its position in Monogram Residential Trust by 34.8% during the first quarter. SG Americas Securities LLC now owns 14,055 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 3,629 shares during the period. Sei Investments Co. lifted its position in Monogram Residential Trust by 233.7% during the first quarter. Sei Investments Co. now owns 15,252 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 10,681 shares during the period. Finally, Bank of Montreal Can lifted its position in Monogram Residential Trust by 299.5% during the second quarter. Bank of Montreal Can now owns 18,032 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 13,518 shares during the period. 75.51% of the stock is owned by institutional investors and hedge funds.

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Several brokerages have commented on MORE. BMO Capital Markets lowered Monogram Residential Trust from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $12.50 to $12.00 in a research report on Wednesday, August 9th. BidaskClub raised Monogram Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research raised Monogram Residential Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Robert W. Baird lowered Monogram Residential Trust from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $11.00 to $12.00 in a research report on Tuesday, July 25th. Finally, JMP Securities lowered Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.75.

Monogram Residential Trust, Inc. (NYSE MORE) opened at 11.95 on Wednesday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 18.16 and a beta of 0.80. Monogram Residential Trust, Inc. has a 52-week low of $9.55 and a 52-week high of $12.09. The stock has a 50 day moving average price of $11.97 and a 200 day moving average price of $10.66.

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.

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

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