Shares of Monogram Residential Trust, Inc. (NYSE:MORE) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.75.

Several equities analysts have issued reports on the stock. BMO Capital Markets cut shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $12.50 to $12.00 in a research report on Wednesday, August 9th. Janney Montgomery Scott cut shares of Monogram Residential Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, July 13th. BidaskClub upgraded shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. JMP Securities cut shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, July 10th. Finally, Zacks Investment Research upgraded shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th.

A number of large investors have recently bought and sold shares of MORE. Lincoln National Corp acquired a new stake in Monogram Residential Trust in the second quarter worth $100,000. Utah Retirement Systems acquired a new stake in Monogram Residential Trust in the first quarter worth $102,000. Advisory Services Network LLC acquired a new stake in Monogram Residential Trust in the first quarter worth $106,000. RFG Advisory Group LLC acquired a new stake in Monogram Residential Trust in the second quarter worth $106,000. Finally, Institute for Wealth Management LLC. acquired a new stake in Monogram Residential Trust in the second quarter worth $108,000. Institutional investors and hedge funds own 75.51% of the company’s stock.

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Monogram Residential Trust (NYSE:MORE) remained flat at $11.96 during mid-day trading on Friday. The company’s stock had a trading volume of 3,371,288 shares. The firm’s 50 day moving average is $11.97 and its 200-day moving average is $10.67. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 18.18 and a beta of 0.80. Monogram Residential Trust has a one year low of $9.55 and a one year high of $12.09.

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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