Monogram Residential Trust Inc (NYSE:MORE) has been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.33.
Several analysts recently commented on MORE shares. Zacks Investment Research lowered Monogram Residential Trust from a “hold” rating to a “sell” rating in a research note on Friday, March 3rd. Canaccord Genuity set a $11.00 price target on Monogram Residential Trust and gave the company a “hold” rating in a research note on Thursday, March 2nd. BMO Capital Markets reissued a “buy” rating and issued a $11.50 price objective on shares of Monogram Residential Trust in a research note on Sunday, March 12th. Finally, 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 research note on Thursday, January 5th.
Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Monogram Residential Trust during the third quarter worth approximately $100,000. Ancora Advisors LLC acquired a new position in Monogram Residential Trust during the fourth quarter worth approximately $110,000. Sigma Planning Corp acquired a new position in Monogram Residential Trust during the third quarter worth approximately $113,000. NEXT Financial Group Inc acquired a new position in Monogram Residential Trust during the third quarter worth approximately $123,000. Finally, Efficient Advisors LLC acquired a new position in Monogram Residential Trust during the third quarter worth approximately $126,000. 69.94% of the stock is currently owned by institutional investors.
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Monogram Residential Trust (NYSE:MORE) opened at 10.00 on Tuesday. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 175.44 and a beta of 0.74. Monogram Residential Trust has a 12-month low of $9.45 and a 12-month high of $10.97. The company’s 50-day moving average price is $10.18 and its 200-day moving average price is $10.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 7th. Shareholders of record on Friday, March 31st will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, March 29th. Monogram Residential Trust’s dividend payout ratio is currently -250.00%.
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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