Todays Report: Today: Ancora Inverness LLC Sold shares of Monogram Residential Trust Inc. (MORE)

Today: Ancora Inverness LLC Sold shares of Monogram Residential Trust Inc. (MORE)

Ancora Inverness LLC decreased its stake in Monogram Residential Trust Inc. (NYSE:MORE) by 2.7% during the third quarter, Holdings Channel reports. The institutional investor owned 17,748 shares of the company’s stock after selling 500 shares during the period. Ancora Inverness LLC’s holdings in Monogram Residential Trust were worth $189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS Group AG increased its position in shares of Monogram Residential Trust by 494.9% in the first quarter. UBS Group AG now owns 67,346 shares of the company’s stock valued at $664,000 after buying an additional 56,026 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Monogram Residential Trust by 189.4% in the first quarter. UBS Asset Management Americas Inc. now owns 241,993 shares of the company’s stock valued at $2,386,000 after buying an additional 158,371 shares during the period. Geode Capital Management LLC increased its stake in Monogram Residential Trust by 7.0% in the first quarter. Geode Capital Management LLC now owns 1,385,713 shares of the company’s stock valued at $13,663,000 after buying an additional 90,543 shares during the period. Legal & General Group Plc increased its stake in Monogram Residential Trust by 770.0% in the first quarter. Legal & General Group Plc now owns 316,834 shares of the company’s stock valued at $3,121,000 after buying an additional 280,418 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Monogram Residential Trust by 419.0% in the first quarter. Envestnet Asset Management Inc. now owns 187,671 shares of the company’s stock valued at $1,850,000 after buying an additional 151,512 shares during the period. Institutional investors own 70.38% of the company’s stock.

Monogram Residential Trust Inc. (NYSE:MORE) traded up 0.38% during trading on Monday, hitting $10.54. The stock had a trading volume of 97,501 shares. The stock’s market capitalization is $1.76 billion. The company has a 50-day moving average of $10.49 and a 200-day moving average of $10.31. Monogram Residential Trust Inc. has a 52 week low of $7.67 and a 52 week high of $10.90.

Several research firms recently issued reports on MORE. JMP Securities restated a “buy” rating on shares of Monogram Residential Trust in a research note on Saturday, November 19th. Zacks Investment Research upgraded Monogram Residential Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 15th. BTIG Research downgraded Monogram Residential Trust from a “buy” rating to a “neutral” rating in a research note on Friday, November 4th. Robert W. Baird began coverage on Monogram Residential Trust in a research note on Friday, September 16th. They issued an “outperform” rating and a $11.00 price target for the company. Finally, Janney Montgomery Scott began coverage on Monogram Residential Trust in a research note on Thursday, September 8th. They issued a “buy” rating and a $11.50 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.57.

Monogram Residential Trust Company Profile

Monogram Residential Trust, Inc (Monogram) is an integrated self-managed real estate investment trust (REIT) that invests in, develops and operates multifamily communities offering location and lifestyle amenities. The Company focuses on increasing earnings, long-term shareholder value and cash flow through the acquisition, development, and operation of its multifamily communities and the disposition of selected multifamily communities in its portfolio.

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