UBS Group AG Raises Position in Monogram Residential Trust, Inc. (MORE)

UBS Group AG boosted its position in Monogram Residential Trust, Inc. (NYSE:MORE) by 50.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,395 shares of the real estate investment trust’s stock after buying an additional 6,490 shares during the period. UBS Group AG’s holdings in Monogram Residential Trust were worth $194,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MORE. IndexIQ Advisors LLC increased its position in Monogram Residential Trust by 12.5% in the first quarter. IndexIQ Advisors LLC now owns 179,788 shares of the real estate investment trust’s stock worth $1,792,000 after buying an additional 20,037 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Monogram Residential Trust by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 161,838 shares of the real estate investment trust’s stock worth $1,614,000 after buying an additional 1,121 shares in the last quarter. Advisory Services Network LLC acquired a new position in Monogram Residential Trust during the first quarter worth about $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 in the last quarter. Finally, 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 in the last quarter. 75.04% of the stock is currently owned by institutional investors.

Shares of Monogram Residential Trust, Inc. (MORE) opened at 11.95 on Friday. The stock has a 50 day moving average of $11.81 and a 200 day moving average of $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 price-to-earnings ratio of 18.16 and a beta of 0.80.

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Several equities research analysts have weighed in on MORE shares. BMO Capital Markets restated a “buy” rating on shares of Monogram Residential Trust in a research note on Tuesday, July 4th. Canaccord Genuity set a $11.00 price objective on shares of Monogram Residential Trust and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Zacks Investment Research upgraded shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of Monogram Residential Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, JMP Securities cut shares of Monogram Residential Trust from an “outperform” rating to a “market perform” rating in a report on Monday, July 10th. Nine equities research analysts have rated the stock with a hold rating, Monogram Residential Trust presently 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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