Monmouth R.E. Inv. Corp. (MNR) Stake Boosted by Eqis Capital Management Inc.

Eqis Capital Management Inc. increased its stake in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 28.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,895 shares of the real estate investment trust’s stock after buying an additional 6,824 shares during the period. Eqis Capital Management Inc.’s holdings in Monmouth R.E. Inv. Corp. were worth $441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Group LTD raised its stake in shares of Monmouth R.E. Inv. Corp. by 1,627.5% in the third quarter. BlackRock Group LTD now owns 422,621 shares of the real estate investment trust’s stock worth $6,031,000 after buying an additional 398,157 shares in the last quarter. Renaissance Technologies LLC raised its position in Monmouth R.E. Inv. Corp. by 42.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,196,500 shares of the real estate investment trust’s stock worth $18,235,000 after buying an additional 357,100 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Monmouth R.E. Inv. Corp. by 11.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,460,133 shares of the real estate investment trust’s stock worth $35,106,000 after buying an additional 252,582 shares during the period. State Street Corp raised its position in Monmouth R.E. Inv. Corp. by 9.6% in the fourth quarter. State Street Corp now owns 1,290,084 shares of the real estate investment trust’s stock worth $19,660,000 after buying an additional 112,701 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in Monmouth R.E. Inv. Corp. by 36.0% in the third quarter. TIAA CREF Investment Management LLC now owns 421,179 shares of the real estate investment trust’s stock worth $6,010,000 after buying an additional 111,436 shares during the period. Institutional investors own 56.86% of the company’s stock.

Institutional Ownership by Quarter for Monmouth R.E. Inv. Corp. (NYSE:MNR)

Monmouth R.E. Inv. Corp. (NYSE:MNR) traded up 2.178% on Friday, hitting $14.775. The stock had a trading volume of 226,691 shares. The firm has a market cap of $1.07 billion, a PE ratio of 46.756 and a beta of 0.54. Monmouth R.E. Inv. Corp. has a 12-month low of $11.49 and a 12-month high of $15.45. The company’s 50 day moving average is $14.57 and its 200 day moving average is $14.37.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Monday, May 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Thursday, May 11th. Monmouth R.E. Inv. Corp.’s payout ratio is 193.95%.

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Several brokerages have recently commented on MNR. Zacks Investment Research raised Monmouth R.E. Inv. Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Wednesday, April 12th. National Securities reaffirmed a “buy” rating and issued a $16.50 price target on shares of Monmouth R.E. Inv. Corp. in a research note on Thursday, May 4th. Finally, DA Davidson upgraded Monmouth R.E. Inv. Corp. from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Monmouth R.E. Inv. Corp. currently has a consensus rating of “Buy” and a consensus target price of $15.83.

In related news, Director Steven B. Wolgin purchased 4,640 shares of the firm’s stock in a transaction dated Monday, April 17th. The shares were acquired at an average cost of $14.01 per share, with a total value of $65,006.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven B. Wolgin purchased 4,500 shares of the firm’s stock in a transaction dated Thursday, March 9th. The shares were bought at an average cost of $24.28 per share, for a total transaction of $109,260.00. Following the completion of the purchase, the director now directly owns 13,000 shares of the company’s stock, valued at $315,640. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 15,773 shares of company stock valued at $264,416. Company insiders own 5.61% of the company’s stock.

About Monmouth R.E. Inv. Corp.

Monmouth Real Estate Investment Corporation is a real estate investment trust (REIT). The Company’s primary business is the ownership of real estate. Its investment focus is to own single tenant, industrial buildings and leased to investment-grade tenants or their subsidiaries on long-term net leases.

5 Day Chart for NYSE:MNR

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