Baird Initiates Coverage on Monogram Residential Trust Inc to Outperform

Baird Initiates Coverage on Monogram Residential Trust Inc(NYSE:MORE). The shares have been rated Outperform. The rating by Baird was issued on Sep 16, 2016.

In a different note, Janney Capital said it Initiates Coverage on Monogram Residential Trust Inc, according to a research note issued on Sep 8, 2016. The shares have been rated ‘Buy’ by the firm. BTIG Research said it Initiates Coverage on Monogram Residential Trust Inc, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Buy’ by the firm. Canaccord Genuity said it Initiates Coverage on Monogram Residential Trust Inc, according to a research note issued on Jun 28, 2016. The shares have been rated ‘Hold’ by the firm.

Monogram Residential Trust Inc (MORE) made into the market gainers list on Thursdays trading session with the shares advancing 1.19% or 0.12 points. Due to strong positive momentum, the stock ended at $10.18, which is also near the day’s high of $10.26. The stock began the session at $10.15 and the volume stood at 8,80,207 shares. The 52-week high of the shares is $10.8 and the 52 week low is $7.67. The company has a current market capitalization of $1,698 M and it has 16,67,95,540 shares in outstanding.

Monogram Residential Trust Inc has also declared a cash dividend of $0.0750 on Aug 18, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 7, 2016.

Monogram Residential Trust Inc(MORE) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.09.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, Timothy Pire (director) purchased 1,000 shares at $9.75 per share price.Also, 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.

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