IFP Advisors Inc boosted its position in Monogram Residential Trust, Inc. (NYSE:MORE) by 1.8% during the second quarter, Holdings Channel reports. The fund owned 86,095 shares of the real estate investment trust’s stock after buying an additional 1,527 shares during the period. IFP Advisors Inc’s holdings in Monogram Residential Trust were worth $836,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MORE. Dimensional Fund Advisors LP boosted its stake in shares of Monogram Residential Trust by 49.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 918,718 shares of the real estate investment trust’s stock valued at $9,940,000 after buying an additional 303,791 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Monogram Residential Trust by 16.4% in the first quarter. Parametric Portfolio Associates LLC now owns 259,422 shares of the real estate investment trust’s stock valued at $2,586,000 after buying an additional 36,525 shares during the last quarter. Credit Agricole S A boosted its stake in shares of Monogram Residential Trust by 9.8% in the first quarter. Credit Agricole S A now owns 116,748 shares of the real estate investment trust’s stock valued at $1,164,000 after buying an additional 10,378 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Monogram Residential Trust by 2.5% in the first quarter. Vanguard Group Inc. now owns 25,609,838 shares of the real estate investment trust’s stock valued at $255,330,000 after buying an additional 617,417 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Monogram Residential Trust by 26.1% in the first quarter. Morgan Stanley now owns 1,201,399 shares of the real estate investment trust’s stock valued at $11,978,000 after buying an additional 248,880 shares during the last quarter. 75.07% of the stock is owned by institutional investors and hedge funds.

Shares of Monogram Residential Trust, Inc. (NYSE MORE) opened at 12.01 on Thursday. The firm has a market cap of $2.01 billion, a PE ratio of 21.45 and a beta of 0.80. The company’s 50-day moving average price is $11.38 and its 200 day moving average price is $10.38. Monogram Residential Trust, Inc. has a 1-year low of $9.55 and a 1-year high of $12.09.

Monogram Residential Trust (NYSE:MORE) last announced its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. Monogram Residential Trust had a net margin of 37.63% and a return on equity of 7.00%. The business had revenue of $73.34 million for the quarter, compared to analysts’ expectations of $50.96 million. On average, analysts predict that Monogram Residential Trust, Inc. will post $0.37 EPS for the current year.

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Several equities research analysts have recently weighed in on the company. BMO Capital Markets cut 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 note on Wednesday. Janney Montgomery Scott cut Monogram Residential Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, July 13th. Robert W. Baird cut Monogram Residential Trust from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $11.00 to $12.00 in a research note on Tuesday, July 25th. JMP Securities cut Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, July 10th. Finally, Zacks Investment Research cut Monogram Residential Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.82.

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.

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

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