Private Advisor Group LLC Raises Position in Monogram Residential Trust, Inc. (MORE)

Private Advisor Group LLC boosted its holdings in Monogram Residential Trust, Inc. (NYSE:MORE) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,773 shares of the real estate investment trust’s stock after buying an additional 8,995 shares during the quarter. Private Advisor Group LLC’s holdings in Monogram Residential Trust were worth $912,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MORE. Lincoln National Corp bought a new position in Monogram Residential Trust in the 2nd quarter valued at approximately $100,000. Utah Retirement Systems bought a new position in Monogram Residential Trust in the 1st quarter valued at approximately $102,000. RFG Advisory Group LLC bought a new position in Monogram Residential Trust in the 2nd quarter valued at approximately $106,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Monogram Residential Trust by 13.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,152 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 1,458 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Monogram Residential Trust by 42.7% in the 1st 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 last quarter. Institutional investors and hedge funds own 75.51% of the company’s stock.

MORE has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Canaccord Genuity set a $11.00 price objective on shares of Monogram Residential Trust and gave the company a “hold” rating in a report on Wednesday, July 5th. BMO Capital Markets reiterated a “buy” rating on shares of Monogram Residential Trust in a report on Tuesday, July 4th. BidaskClub upgraded shares of Monogram Residential Trust from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Mitsubishi UFJ Financial Group restated a “neutral” rating and set a $12.00 price target on shares of Monogram Residential Trust in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.75.

Monogram Residential Trust, Inc. (NYSE MORE) opened at 11.97 on Tuesday. Monogram Residential Trust, Inc. has a 12-month low of $9.55 and a 12-month high of $12.09. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 18.19 and a beta of 0.80. The firm’s 50-day moving average is $11.97 and its 200 day moving average is $10.65.

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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.

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

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