Monogram Residential Trust (NYSE:MORE) Given Daily Media Sentiment Score of 0.36

Judith Bessette
Julho 5, 2017

Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $11.40.

Several brokerages have commented on MORE.

06/28/2016 - Canaccord Genuity began new coverage on Monogram Residential Trust, Inc. giving the company a " rating. Zacks Investment Research downgraded shares of Monogram Residential Trust from a "hold" rating to a "sell" rating in a report on Thursday, May 11th. Monogram Residential Trust has a consensus rating of "Hold" and an average target price of $11.61. Clinton Group Inc. owned about 0.05% of Monogram Residential Trust worth $834,000 as of its most recent SEC filing. 400,466 shares of the stock were exchanged. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 17.34 and a beta of 0.71. The firm has a 50-day moving average price of $9.80 and a 200 day moving average price of $10.14. As of December 31, 2016, Monogram's portfolio includes investments in 51 multifamily communities in 10 states comprising 14,473 residential units.

Monogram Residential Trust (NYSE:MORE) last posted its quarterly earnings results on Tuesday, May 9th. In the last earnings report the EPS was $0.56 and is expected to be $0.37 for the current year with 167,017,000 shares now outstanding. The firm had revenue of $73.34 million for the quarter, compared to analyst estimates of $50.96 million. Analysts expect next quarter's EPS to be $-0.03 and the next full year EPS is projected to be $-0.08.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 30th will be given a $0.075 dividend. The ex-dividend date is Wednesday, June 28th. This dividend represents a yield of $3.09. Monogram Residential Trust's payout ratio is now 54.55%.

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Several other hedge funds and other institutional investors have also modified their holdings of MORE. Advisory Services Network LLC acquired a new position in shares of Monogram Residential Trust during the first quarter valued at $106,000.

Monogram Residential Trust, Inc.is a self-managed real estate investment trust (REIT). Public Employees Retirement System of OH boosted its position in Monogram Residential Trust by 1.0% 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 during the period. Finally, Guggenheim Capital LLC raised its stake in shares of Monogram Residential Trust by 28.6% in the fourth 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 during the last quarter. Metropolitan Life Insurance Co.

NY boosted its position in Monogram Residential Trust by 1.3% in the first quarter. Advantage Investment Management LLC boosted its position in Monogram Residential Trust by 186.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 17,314 shares of the real estate investment trust's stock worth $173,000 after buying an additional 366 shares in the last quarter.

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Shares of Monogram Residential Trust (NYSE:MORE) traded up 0.93% on Tuesday, hitting $9.80. 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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