Other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in Monogram Residential Trust during the first quarter valued at $106,000. Daiwa Securities Group Inc. raised its stake in Monogram Residential Trust by 42.7% in the first 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 in the last quarter. Sei Investments Co. raised its stake in Monogram Residential Trust by 233.7% in the first quarter. Sei Investments Co. now owns 15,252 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 10,681 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Monogram Residential Trust by 2.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 17,314 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 366 shares in the last quarter. Finally, CWM LLC bought a new stake in Monogram Residential Trust during the first quarter valued at $184,000. Institutional investors own 74.73% of the company’s stock.
Ameriprise Financial Inc. increased its stake in shares of Monogram Residential Trust, Inc. (NYSE:MORE) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,243 shares of the real estate investment trust’s stock after buying an additional 6,454 shares during the period. Ameriprise Financial Inc. owned approximately 0.08% of Monogram Residential Trust worth $1,409,000 as of its most recent filing with the SEC.
Monogram Residential Trust, Inc. (MORE) traded up 0.08% on Wednesday, reaching $11.95. The company’s stock had a trading volume of 1,103,014 shares. The firm has a market cap of $2.00 billion, a P/E ratio of 21.34 and a beta of 0.80. Monogram Residential Trust, Inc. has a 12 month low of $9.55 and a 12 month high of $12.00. The firm’s 50 day moving average is $11.04 and its 200-day moving average is $10.31.
Monogram Residential Trust (NYSE:MORE) last issued its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $73.34 million for the quarter, compared to analyst estimates of $50.96 million. Monogram Residential Trust had a return on equity of 6.01% and a net margin of 32.49%. On average, equities research analysts anticipate that Monogram Residential Trust, Inc. will post $0.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Friday, June 30th were issued a dividend of $0.075 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.51%. Monogram Residential Trust’s dividend payout ratio (DPR) is presently 54.55%.
Several equities research analysts have recently weighed in on MORE shares. BMO Capital Markets reiterated a “buy” rating on shares of Monogram Residential Trust in a research note on Tuesday, July 4th. Canaccord Genuity set a $11.00 target price on Monogram Residential Trust and gave the stock a “hold” rating in a report on Wednesday, May 10th. JMP Securities downgraded Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a report on Monday, July 10th. Janney Montgomery Scott downgraded Monogram Residential Trust from a “buy” rating to a “neutral” rating in a report on Thursday, July 13th. Finally, Mitsubishi UFJ Financial Group reissued a “neutral” rating and issued a $12.00 target price on shares of Monogram Residential Trust in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $11.75.
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.