BlackRock Inc. Acquires 14,383,005 Shares of Monogram Residential Trust, Inc. (MORE)

BlackRock Inc. raised its stake in shares of Monogram Residential Trust, Inc. (NYSE:MORE) by 5,557.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,641,807 shares of the real estate investment trust’s stock after buying an additional 14,383,005 shares during the period. BlackRock Inc. owned 8.77% of Monogram Residential Trust worth $145,980,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Monogram Residential Trust during the first quarter valued at $106,000. Russell Investments Group Ltd. increased its position in Monogram Residential Trust by 135.0% in the first quarter. Russell Investments Group Ltd. now owns 348,575 shares of the real estate investment trust’s stock worth $3,477,000 after buying an additional 200,274 shares during the period. Sit Investment Associates Inc. increased its position in Monogram Residential Trust by 295.5% in the first quarter. Sit Investment Associates Inc. now owns 26,500 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 19,800 shares during the period. Fisher Asset Management LLC increased its position in Monogram Residential Trust by 28.7% in the first quarter. Fisher Asset Management LLC now owns 69,650 shares of the real estate investment trust’s stock worth $694,000 after buying an additional 15,525 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Monogram Residential Trust by 31.9% in the first quarter. State of Alaska Department of Revenue now owns 91,970 shares of the real estate investment trust’s stock worth $916,000 after buying an additional 22,260 shares during the period. Institutional investors own 75.04% of the company’s stock.

Monogram Residential Trust, Inc. (MORE) traded up 0.08% on Friday, reaching $11.95. 754,784 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $11.81 and its 200-day moving average is $10.46. Monogram Residential Trust, Inc. has a 12 month low of $9.55 and a 12 month high of $12.09. The firm has a market cap of $2.00 billion, a PE ratio of 18.16 and a beta of 0.80.

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MORE has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Monogram Residential Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. 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. BidaskClub raised Monogram Residential Trust from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. BMO Capital Markets reissued a “buy” rating on shares of Monogram Residential Trust in a report on Tuesday, July 4th. Finally, Mitsubishi UFJ Financial Group restated a “neutral” rating and issued a $12.00 price target on shares of Monogram Residential Trust in a research report on Thursday, July 6th. Nine equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $11.79.

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.

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

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