Monogram Residential Trust Inc (MORE) : First Heartland Consultants reduced its stake in Monogram Residential Trust Inc by 1.04% during the most recent quarter end. The investment management company now holds a total of 257,101 shares of Monogram Residential Trust Inc which is valued at $2,666,137 after selling 2,696 shares in Monogram Residential Trust Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Monogram Residential Trust Inc makes up approximately 0.79% of First Heartland Consultants’s portfolio.
Other Hedge Funds, Including , Citadel Advisors sold out all of its stake in MORE during the most recent quarter. The investment firm sold 363,417 shares of MORE which is valued $3,768,634.Indexiq Advisors reduced its stake in MORE by selling 15,184 shares or 10.17% in the most recent quarter. The Hedge Fund company now holds 134,142 shares of MORE which is valued at $1,391,053. Monogram Residential Trust Inc makes up approx 0.08% of Indexiq Advisors’s portfolio.Sii Investments Incwi boosted its stake in MORE in the latest quarter, The investment management firm added 1,065 additional shares and now holds a total of 25,234 shares of Monogram Residential Trust Inc which is valued at $260,667. Monogram Residential Trust Inc makes up approx 0.02% of Sii Investments Incwi’s portfolio.Ancora Inverness reduced its stake in MORE by selling 2,250 shares or 10.98% in the most recent quarter. The Hedge Fund company now holds 18,248 shares of MORE which is valued at $190,327. Monogram Residential Trust Inc makes up approx 0.07% of Ancora Inverness’s portfolio.Boston Advisors reduced its stake in MORE by selling 180,710 shares or 21.58% in the most recent quarter. The Hedge Fund company now holds 656,777 shares of MORE which is valued at $6,817,345. Monogram Residential Trust Inc makes up approx 0.16% of Boston Advisors’s portfolio.
Monogram Residential Trust Inc opened for trading at $10.42 and hit $10.525 on the upside on Monday, eventually ending the session at $10.48, with a gain of 0.77% or 0.08 points. The heightened volatility saw the trading volume jump to 5,26,545 shares. Company has a market cap of $1,748 M.
Many Wall Street Analysts have commented on Monogram Residential Trust Inc. Canaccord Genuity Initiated Monogram Residential Trust Inc on Jun 28, 2016 to “Hold”, Price Target of the shares are set at $11.
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.