Shares of Monogram Residential Trust Inc (NYSE:MORE) have received an average rating of “Hold” from the nine analysts that are presently covering the stock. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $11.33.
Several equities research analysts recently weighed in on the company. Canaccord Genuity reissued a “hold” rating and set a $11.00 price objective on shares of Monogram Residential Trust in a report on Monday, January 30th. Zacks Investment Research downgraded Monogram Residential Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 4th. Mitsubishi UFJ Financial Group raised Monogram Residential Trust from a “neutral” rating to an “overweight” rating and set a $12.00 price objective on the stock in a report on Thursday, January 5th. Finally, BMO Capital Markets reissued a “buy” rating and set a $11.70 price objective on shares of Monogram Residential Trust in a report on Tuesday, February 28th.
Several large investors have recently added to or reduced their stakes in MORE. Patriot Financial Group Insurance Agency LLC purchased a new stake in Monogram Residential Trust during the fourth quarter valued at $129,000. Norges Bank purchased a new stake in Monogram Residential Trust during the fourth quarter valued at $19,842,000. Bridgeworth LLC purchased a new stake in Monogram Residential Trust during the fourth quarter valued at $622,000. Guggenheim Capital LLC increased its stake in Monogram Residential Trust by 28.6% in the fourth quarter. Guggenheim Capital LLC now owns 926,385 shares of the company’s stock valued at $10,023,000 after buying an additional 206,283 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in Monogram Residential Trust during the fourth quarter valued at $110,000. 69.94% of the stock is currently owned by institutional investors.
Shares of Monogram Residential Trust (NYSE:MORE) opened at 10.00 on Tuesday. Monogram Residential Trust has a 52-week low of $9.45 and a 52-week high of $10.97. The company has a market cap of $1.67 billion, a P/E ratio of 175.44 and a beta of 0.74. The stock’s 50 day moving average price is $10.18 and its 200-day moving average price is $10.39.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 7th. Investors of record on Friday, March 31st will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Wednesday, March 29th. Monogram Residential Trust’s dividend payout ratio (DPR) is -250.00%.
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Monogram Residential Trust Company Profile
Monogram Residential Trust, Inc (Monogram) is an integrated self-managed real estate investment trust (REIT) that invests in, develops and operates multifamily communities offering location and lifestyle amenities. The Company focuses on increasing earnings, long-term shareholder value and cash flow through the acquisition, development, and operation of its multifamily communities and the disposition of selected multifamily communities in its portfolio.
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