Nomura Asset Management Co. Ltd. decreased its stake in Monogram Residential Trust, Inc. (NYSE:MORE) by 6.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 105,200 shares of the real estate investment trust’s stock after selling 6,800 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of Monogram Residential Trust worth $1,049,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Utah Retirement Systems acquired a new position in shares of Monogram Residential Trust during the first quarter valued at about $102,000. Advisory Services Network LLC bought a new stake in Monogram Residential Trust during the first quarter worth $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 worth $127,000 after buying an additional 3,800 shares in the last quarter. SG Americas Securities LLC raised its stake in Monogram Residential Trust by 34.8% in the first quarter. SG Americas Securities LLC now owns 14,055 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 3,629 shares in the last quarter. Finally, 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 worth $152,000 after buying an additional 10,681 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors.
Monogram Residential Trust, Inc. (NYSE MORE) traded up 0.08% during midday trading on Tuesday, hitting $11.99. 1,236,872 shares of the stock traded hands. The company’s 50 day moving average is $11.21 and its 200-day moving average is $10.34. Monogram Residential Trust, Inc. has a one year low of $9.55 and a one year high of $12.09. The company has a market cap of $2.00 billion, a P/E ratio of 21.41 and a beta of 0.80.
Monogram Residential Trust (NYSE:MORE) last issued 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 return on equity of 7.05% and a net margin of 37.63%. The firm had revenue of $73.34 million for the quarter, compared to analyst estimates of $50.96 million. On average, equities research analysts forecast that Monogram Residential Trust, Inc. will post $0.37 EPS for the current fiscal year.
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A number of equities analysts have recently issued reports on MORE shares. Canaccord Genuity set a $11.00 price target on Monogram Residential Trust and gave the stock a “hold” rating in a research report on Wednesday, May 10th. BidaskClub lowered shares of Monogram Residential Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BMO Capital Markets reaffirmed a “buy” rating on shares of Monogram Residential Trust in a report on Tuesday, July 4th. Zacks Investment Research lowered shares of Monogram Residential Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Finally, Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating and issued a $12.00 price target on shares of Monogram Residential Trust in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $11.75.
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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