Monogram Residential Trust, Inc. (MORE) Position Reduced by Capital Fund Management S.A.
Capital Fund Management S.A. reduced its holdings in shares of Monogram Residential Trust, Inc. (NYSE:MORE) by 20.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,328 shares of the real estate investment trust’s stock after selling 58,947 shares during the quarter. Capital Fund Management S.A. owned approximately 0.14% of Monogram Residential Trust worth $2,207,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Utah Retirement Systems bought a new stake in Monogram Residential Trust during the first quarter worth $102,000. Lincoln National Corp bought a new stake in Monogram Residential Trust during the second quarter worth $100,000. RFG Advisory Group LLC bought a new stake in Monogram Residential Trust during the second quarter worth $106,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Monogram Residential Trust by 13.6% during the second 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 during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Monogram Residential Trust by 42.7% during the first 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 during the period. Institutional investors and hedge funds own 75.51% of the company’s stock.
Shares of Monogram Residential Trust, Inc. (MORE) opened at 11.96 on Thursday. The firm has a 50-day moving average price of $11.97 and a 200-day moving average price of $10.67. Monogram Residential Trust, Inc. has a 52-week low of $9.55 and a 52-week high of $12.09. The stock has a market capitalization of $2.00 billion, a P/E ratio of 18.18 and a beta of 0.80.
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A number of analysts recently commented on MORE shares. Zacks Investment Research lowered Monogram Residential Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating on shares of Monogram Residential Trust in a research report on Tuesday, July 4th. Robert W. Baird downgraded 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 report on Tuesday, July 25th. BidaskClub raised Monogram Residential Trust from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Canaccord Genuity set a $11.00 target price on Monogram Residential Trust and gave the stock a “hold” rating in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.75.
Monogram Residential Trust 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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