Investment Centers of America Inc. decreased its position in shares of Monogram Residential Trust, Inc. (NYSE:MORE) by 10.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,000 shares of the real estate investment trust’s stock after selling 1,448 shares during the period. Investment Centers of America Inc.’s holdings in Monogram Residential Trust were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MORE. Lincoln National Corp acquired a new stake in shares of Monogram Residential Trust during the 2nd quarter worth approximately $100,000. Utah Retirement Systems acquired a new stake in shares of Monogram Residential Trust during the 1st quarter worth approximately $102,000. RFG Advisory Group LLC acquired a new stake in shares of Monogram Residential Trust during the 2nd quarter worth approximately $106,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Monogram Residential Trust by 13.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,152 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 1,458 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Monogram Residential Trust by 42.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 12,700 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 75.44% of the company’s stock.

Shares of Monogram Residential Trust, Inc. (NYSE:MORE) opened at 11.99 on Thursday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 18.22 and a beta of 0.80. The company’s 50 day moving average is $11.97 and its 200 day moving average is $10.73. Monogram Residential Trust, Inc. has a 52-week low of $9.55 and a 52-week high of $12.09.

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MORE has been the topic of several analyst reports. BMO Capital Markets reiterated 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 shares of Monogram Residential Trust and gave the stock a “hold” rating in a research report on Wednesday, July 5th. BidaskClub upgraded shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. 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. Finally, JMP Securities lowered shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.75.

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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