In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Monogram Residential Trust Inc. (NYSE:MORE) reported that Madison International Holdings V, Llc. has picked up 6,577,088 of common stock as of 2017-07-07.
The acquisition brings the aggregate amount owned by Madison International Holdings V, Llc. to a total of 6,577,088 representing a 3.94% stake in the company.
For those not familiar with the company, Monogram Residential Trust, Inc. is a self-managed real estate investment trust (REIT). The Company invests in, develops and operates multifamily communities offering location and lifestyle amenities. The Company also invests in stabilized operating communities and communities in various phases of development, with a focus on communities in select markets across the United States. These include luxury high-rise, mid-rise and garden style multifamily communities. As of December 31, 2016, Monogram’s portfolio includes investments in 51 multifamily communities in 10 states comprising 14,473 residential units. As of September 30, 2016, the Company held ownership interests in equity investments, including 47 operating multifamily communities (including one development in lease up) containing 13,022 residential units in 10 states, all of which are consolidated for financial reporting purposes.
A glance at Monogram Residential Trust Inc. (NYSE:MORE)’s key stats reveals a current market capitalization of $1.99 Billion based on $167.02 Million shares outstanding and a price at last close of $11.90 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-05-19, Pire picked up 1,000 at a purchase price of $9.75. This brings their total holding to 2,000 as of the date of the filing.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Monogram Residential Trust Inc. (NYSE:MORE) as things move forward to see if its progress aligns with these transactions.
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