Insider Buying: Monmouth R.E. Inv. Corp. (MNR) Insider Acquires 9,053 Shares of Stock

Monmouth R.E. Inv. Corp. (NYSE:MNR) insider Umh Properties, Inc. bought 9,053 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were acquired at an average price of $17.01 per share, for a total transaction of $153,991.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Monmouth R.E. Inv. Corp. (NYSE MNR) traded up $0.16 during trading hours on Monday, reaching $18.06. 325,172 shares of the company traded hands, compared to its average volume of 323,244. The company has a market cap of $1,369.44, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 2.85 and a beta of 0.52. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.50 and a current ratio of 4.50. Monmouth R.E. Inv. Corp. has a fifty-two week low of $13.68 and a fifty-two week high of $18.45.

Monmouth R.E. Inv. (NYSE:MNR) last issued its quarterly earnings data on Wednesday, November 29th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.12). The company had revenue of $30.40 million during the quarter, compared to the consensus estimate of $30.91 million. Monmouth R.E. Inv. had a net margin of 30.84% and a return on equity of 7.65%. Monmouth R.E. Inv.’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS. equities analysts predict that Monmouth R.E. Inv. Corp. will post 0.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 15th were paid a $0.17 dividend. This is an increase from Monmouth R.E. Inv.’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, November 14th. This represents a $0.68 annualized dividend and a yield of 3.77%. Monmouth R.E. Inv.’s dividend payout ratio is presently 212.51%.

A number of large investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its position in Monmouth R.E. Inv. by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 77,615 shares of the real estate investment trust’s stock valued at $1,168,000 after acquiring an additional 362 shares during the period. Aperio Group LLC increased its position in Monmouth R.E. Inv. by 3.3% in the 2nd quarter. Aperio Group LLC now owns 20,782 shares of the real estate investment trust’s stock valued at $313,000 after acquiring an additional 671 shares during the period. QS Investors LLC increased its position in Monmouth R.E. Inv. by 6.8% in the 2nd quarter. QS Investors LLC now owns 11,357 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 720 shares during the period. Martingale Asset Management L P increased its position in Monmouth R.E. Inv. by 0.5% in the 2nd quarter. Martingale Asset Management L P now owns 179,104 shares of the real estate investment trust’s stock valued at $2,696,000 after acquiring an additional 900 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in Monmouth R.E. Inv. by 1.7% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 64,000 shares of the real estate investment trust’s stock valued at $963,000 after acquiring an additional 1,050 shares during the period. 63.16% of the stock is owned by institutional investors and hedge funds.

MNR has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. B. Riley upped their price target on shares of Monmouth R.E. Inv. from $16.50 to $18.50 and gave the stock a “buy” rating in a report on Friday, December 1st. National Securities upped their price target on shares of Monmouth R.E. Inv. from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Finally, BMO Capital Markets initiated coverage on shares of Monmouth R.E. Inv. in a report on Monday, September 11th. They set a “market perform” rating and a $16.50 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.58.

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Monmouth R.E. Inv. Company Profile

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.

Insider Buying and Selling by Quarter for Monmouth R.E. Inv. (NYSE:MNR)

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