Daiwa Securities Group Inc. raised its stake in shares of Monogram Residential Trust, Inc. (NYSE:MORE) by 42.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,700 shares of the real estate investment trust’s stock after buying an additional 3,800 shares during the period. Daiwa Securities Group Inc.’s holdings in Monogram Residential Trust were worth $127,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in MORE. Ancora Advisors LLC acquired a new position in shares of Monogram Residential Trust during the fourth quarter worth about $110,000. Advisory Services Network LLC acquired a new position in shares of Monogram Residential Trust during the first quarter worth about $106,000. Efficient Advisors LLC acquired a new position in shares of Monogram Residential Trust during the third quarter worth about $126,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Monogram Residential Trust during the fourth quarter worth about $129,000. Finally, Two Sigma Securities LLC purchased a new stake in Monogram Residential Trust during the third quarter worth $150,000. Institutional investors and hedge funds own 74.66% of the company’s stock.
Shares of Monogram Residential Trust, Inc. (NYSE MORE) opened at 10.04 on Friday. Monogram Residential Trust, Inc. has a 52 week low of $9.55 and a 52 week high of $10.97. The company has a market capitalization of $1.68 billion, a PE ratio of 17.93 and a beta of 0.71. The company has a 50-day moving average price of $9.85 and a 200-day moving average price of $10.18.
Monogram Residential Trust (NYSE:MORE) last issued its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 net margin of 32.49% and a return on equity of 6.01%. Analysts predict that Monogram Residential Trust, Inc. will post $0.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Friday, June 30th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.30 dividend on an annualized basis and a yield of 2.99%. Monogram Residential Trust’s payout ratio is 54.55%.
TRADEMARK VIOLATION NOTICE: “Monogram Residential Trust, Inc. (MORE) Shares Bought by Daiwa Securities Group Inc.” was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://transcriptdaily.com/2017/06/17/daiwa-securities-group-inc-raises-position-in-monogram-residential-trust-inc-more-updated-updated.html.
A number of research firms have weighed in on MORE. BidaskClub raised shares of Monogram Residential Trust from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Canaccord Genuity set a $11.00 price objective on shares of Monogram Residential Trust and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Zacks Investment Research downgraded shares of Monogram Residential Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $11.50 price target on shares of Monogram Residential Trust in a research report on Sunday, March 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.61.
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.
Receive News & Ratings for Monogram Residential Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monogram Residential Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.