Monogram Residential Trust Inc (MORE) was Initiated by Canaccord Genuity to “Hold” and the brokerage firm has set the Price Target at $11. Canaccord Genuity advised their investors in a research report released on Jun 28, 2016.
Many Wall Street Analysts have commented on Monogram Residential Trust Inc. Monogram Residential Trust Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on May 11, 2016. JMP Securities Initiated Monogram Residential Trust Inc on Apr 5, 2016 to “Mkt Outperform”, Price Target of the shares are set at $12.
Monogram Residential Trust Inc closed down -0.12 points or -1.20% at $9.86 with 9,27,065 shares getting traded on Monday. Post opening the session at $9.88, the shares hit an intraday low of $9.76 and an intraday high of $9.95 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on May 20, 2016, Timothy Pire (director) purchased 1,000 shares at $9.75 per share price. According to the SEC, on May 19, 2016, Tammy Jones (director) purchased 7,470 shares at $10.04 per share price. On May 16, 2016, David Fitch (director) purchased 5,000 shares at $10.14 per share price, according to the Form-4 filing with the securities and exchange commission.
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.