Bank of America Corp DE Raises Stake in Monogram Residential Trust, Inc. (MORE)

Bank of America Corp DE boosted its position in shares of Monogram Residential Trust, Inc. (NYSE:MORE) by 58.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 286,769 shares of the real estate investment trust’s stock after buying an additional 105,620 shares during the period. Bank of America Corp DE owned 0.17% of Monogram Residential Trust worth $2,859,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MORE. BlackRock Inc. raised its position in Monogram Residential Trust by 5,557.5% in the first quarter. BlackRock Inc. now owns 14,641,807 shares of the real estate investment trust’s stock worth $145,980,000 after buying an additional 14,383,005 shares during the last quarter. Norges Bank purchased a new position in Monogram Residential Trust during the fourth quarter worth about $19,842,000. Renaissance Technologies LLC raised its position in Monogram Residential Trust by 470.4% in the first quarter. Renaissance Technologies LLC now owns 1,403,700 shares of the real estate investment trust’s stock worth $13,995,000 after buying an additional 1,157,600 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Monogram Residential Trust by 89.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,742,407 shares of the real estate investment trust’s stock valued at $17,371,000 after buying an additional 823,689 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Monogram Residential Trust by 2.5% in the first quarter. Vanguard Group Inc. now owns 25,609,838 shares of the real estate investment trust’s stock valued at $255,330,000 after buying an additional 617,417 shares in the last quarter. Institutional investors and hedge funds own 75.04% of the company’s stock.

Monogram Residential Trust, Inc. (NYSE MORE) opened at 11.95 on Friday. The company has a market capitalization of $2.00 billion, a P/E ratio of 18.16 and a beta of 0.80. Monogram Residential Trust, Inc. has a 12-month low of $9.55 and a 12-month high of $12.09. The stock’s 50 day moving average is $11.81 and its 200-day moving average is $10.46.

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Several analysts have issued reports on the stock. 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. Canaccord Genuity set a $11.00 price target on shares of Monogram Residential Trust and gave the stock a “hold” rating in a research report on Wednesday, July 5th. Janney Montgomery Scott lowered shares of Monogram Residential Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, July 13th. BidaskClub upgraded shares of Monogram Residential Trust from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, BMO Capital Markets restated a “buy” rating on shares of Monogram Residential Trust in a research report on Tuesday, July 4th. Nine analysts have rated the stock with a hold rating, Monogram Residential Trust currently has an average rating of “Hold” and a consensus price target of $11.79.

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.

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

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