Monogram Residential Trust, Inc. (MORE): Mark T. Alfieri , CEO of Monogram Residential Trust, Inc. purchased 3,000 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.43 per share for a total value of $31,290.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 10, 2016, Timothy Pire (director) purchased 1,000 shares at $9.95 per share price.On Aug 28, 2015, Jonathan L. Kempner (director) purchased 10,000 shares at $9.27 per share price.Also, On Aug 28, 2015, Mark T. Alfieri (CEO) purchased 2,000 shares at $9.20 per share price.On Jun 16, 2015, James J Iii Mcginley (Senior V.P. & Chief D.O.) purchased 2,500 shares at $9.60 per share price.
Shares of Monogram Residential Trust Inc (MORE) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -0.77% at $10.37 with 20,83,140 shares getting traded. Post opening the session at $10.45, the shares hit an intraday low of $10.335 and an intraday high of $10.54 and the price vacillated in this range throughout the day. The company has a market cap of $1,729 M and the number of outstanding shares has been calculated to be 16,67,52,300 shares. The 52-week high of Monogram Residential Trust Inc is $10.5 and the 52-week low is $7.67.
Company has been under the radar of several Street Analysts.Monogram Residential Trust Inc is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 11, 2016.Monogram Residential Trust Inc is Initiated by JMP Securities to Mkt Outperform and the brokerage firm has set the Price Target at $12. The Rating was issued on Apr 5, 2016.
Monogram Residential Trust Inc. is a self-managed real estate investment trust which invests in and develops and operates multifamily communities. The Company invests in operating properties and properties in various phases of development. The Company focuses on communities in markets across the United States which includes luxury mid-rise high-rise and garden style multifamily communities. The Company focuses on communities including core properties which consist of properties that are stabilized and producing rental income as well as properties in various phases of development redevelopment lease up and repositioning. The Company also focuses on real estate-related securities including mortgage bridge mezzanine or other loans or in entities that make investments. It invests in multi-family communities which are wholly owned or held through joint venture arrangements with third-party institutional or other national or regional real estate developers or owners.