Thrivent Financial For Lutherans Holds Position in Monmouth Real Estate Investment Corporation (MNR)

Thrivent Financial For Lutherans held its position in Monmouth Real Estate Investment Corporation (NYSE:MNR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,550 shares of the real estate investment trust’s stock at the end of the first quarter. Thrivent Financial For Lutherans’ holdings in Monmouth Real Estate Investment Corporation were worth $179,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Counselors Inc. bought a new position in Monmouth Real Estate Investment Corporation during the first quarter worth $171,000. Legal & General Group Plc boosted its position in Monmouth Real Estate Investment Corporation by 11.0% in the first quarter. Legal & General Group Plc now owns 159,241 shares of the real estate investment trust’s stock worth $2,272,000 after buying an additional 15,780 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Monmouth Real Estate Investment Corporation by 10.2% in the first quarter. PNC Financial Services Group Inc. now owns 41,301 shares of the real estate investment trust’s stock valued at $589,000 after buying an additional 3,812 shares during the period. California Public Employees Retirement System increased its stake in shares of Monmouth Real Estate Investment Corporation by 0.3% in the first quarter. California Public Employees Retirement System now owns 148,100 shares of the real estate investment trust’s stock valued at $2,113,000 after buying an additional 500 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Monmouth Real Estate Investment Corporation by 14.5% in the first quarter. Principal Financial Group Inc. now owns 906,651 shares of the real estate investment trust’s stock valued at $12,937,000 after buying an additional 115,109 shares during the period. 59.80% of the stock is currently owned by hedge funds and other institutional investors.

Monmouth Real Estate Investment Corporation (NYSE:MNR) traded down 0.53% during mid-day trading on Wednesday, reaching $15.14. The company’s stock had a trading volume of 120,351 shares. The company has a market cap of $1.10 billion, a PE ratio of 47.91 and a beta of 0.51. Monmouth Real Estate Investment Corporation has a 12-month low of $12.89 and a 12-month high of $15.67. The firm’s 50 day moving average is $15.23 and its 200-day moving average is $14.76.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Monmouth Real Estate Investment Corporation had a return on equity of 8.40% and a net margin of 34.30%. The business had revenue of $28.61 million during the quarter, compared to analysts’ expectations of $28.81 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s revenue was up 18.7% compared to the same quarter last year. Equities analysts anticipate that Monmouth Real Estate Investment Corporation will post $0.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, August 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.23%. Monmouth Real Estate Investment Corporation’s payout ratio is currently 200.01%.

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MNR has been the topic of several recent analyst reports. Zacks Investment Research raised Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, April 12th. National Securities reissued a “buy” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research note on Thursday, May 4th. DA Davidson raised Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, May 18th. BidaskClub raised Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Finally, FBR & Co reissued an “outperform” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research note on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $16.00.

About Monmouth Real Estate Investment Corporation

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.

Institutional Ownership by Quarter for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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