Gratia Capital adds Monogram Residential Trust Inc (MORE) to its portfolio

Monogram Residential Trust Inc (MORE) : Gratia Capital added new position in Monogram Residential Trust Inc during the most recent quarter end. The investment management firm now holds 1,154,427 shares of Monogram Residential Trust Inc which is valued at $11,971,408 , the company said in a statement filed on Aug 15, 2016 with the SEC.Monogram Residential Trust Inc makes up approximately 5.49% of Gratia Capital’s portfolio.

Other Hedge Funds, Including , Ellington Management Group sold out all of its stake in MORE during the most recent quarter. The investment firm sold 23,400 shares of MORE which is valued $242,658.Analytic Investors reduced its stake in MORE by selling 4,184 shares or 6.67% in the most recent quarter. The Hedge Fund company now holds 58,581 shares of MORE which is valued at $607,485. Monogram Residential Trust Inc makes up approx 0.01% of Analytic Investors’s portfolio.Gsa Capital Partners Llp reduced its stake in MORE by selling 70,213 shares or 75.22% in the most recent quarter. The Hedge Fund company now holds 23,133 shares of MORE which is valued at $237,807. Monogram Residential Trust Inc makes up approx 0.01% of Gsa Capital Partners Llp’s portfolio.Strs Ohio reduced its stake in MORE by selling 3,623 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 309,335 shares of MORE which is valued at $3,210,897. Monogram Residential Trust Inc makes up approx 0.01% of Strs Ohio’s portfolio.Daiwa Securities Group boosted its stake in MORE in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 6,000 shares of Monogram Residential Trust Inc which is valued at $62,280.

Monogram Residential Trust Inc opened for trading at $10.5 and hit $10.56 on the upside on Thursday, eventually ending the session at $10.54, with a gain of 0.19% or 0.02 points. The heightened volatility saw the trading volume jump to 5,57,313 shares. Company has a market cap of $1,758 M.

Investors should note that on Aug 18, 2016, Monogram Residential Trust Inc announced a cash dividend of $0.0750. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 7, 2016.

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.

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