Monmouth R.E. Inv. Corp. (NYSE:MNR) – Equities research analysts at DA Davidson dropped their Q4 2018 earnings per share estimates for Monmouth R.E. Inv. in a research report issued on Thursday. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will earn $0.25 per share for the quarter, down from their prior forecast of $0.26.
MNR has been the topic of a number of other reports. B. Riley upped their price target on Monmouth R.E. Inv. from $16.50 to $18.50 and gave the stock a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. National Securities upped their price target on Monmouth R.E. Inv. from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Finally, BMO Capital Markets restated a “hold” rating and set a $18.00 price target on shares of Monmouth R.E. Inv. in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.50.
Monmouth R.E. Inv. (NYSE:MNR) last issued its quarterly earnings data on Wednesday, November 29th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.12). The business had revenue of $30.40 million during the quarter, compared to analysts’ expectations of $30.91 million. Monmouth R.E. Inv. had a return on equity of 9.08% and a net margin of 36.04%. The company’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share.
Large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. increased its holdings in Monmouth R.E. Inv. by 6,031.6% in the fourth quarter. Meeder Asset Management Inc. now owns 5,825 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 5,730 shares during the last quarter. Barings LLC purchased a new position in Monmouth R.E. Inv. in the third quarter valued at $168,000. Winslow Evans & Crocker Inc. increased its holdings in Monmouth R.E. Inv. by 90.2% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 10,650 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 5,050 shares during the last quarter. Schroder Investment Management Group purchased a new position in Monmouth R.E. Inv. in the third quarter valued at $182,000. Finally, QS Investors LLC increased its holdings in Monmouth R.E. Inv. by 6.8% in the second quarter. QS Investors LLC now owns 11,357 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 720 shares during the last quarter. 66.01% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Michael P. Landy acquired 1,400 shares of Monmouth R.E. Inv. stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of $18.05 per share, for a total transaction of $25,270.00. Following the completion of the purchase, the insider now owns 370,977 shares in the company, valued at $6,696,134.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Umh Properties, Inc. acquired 9,053 shares of Monmouth R.E. Inv. stock in a transaction dated Friday, December 15th. The stock was bought at an average price of $17.01 per share, for a total transaction of $153,991.53. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 10,573 shares of company stock worth $181,266. Insiders own 5.31% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Wednesday, February 14th. Monmouth R.E. Inv.’s payout ratio is currently 170.00%.
ILLEGAL ACTIVITY WARNING: This story was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://sportsperspectives.com/2018/02/13/q4-2018-eps-estimates-for-monmouth-r-e-inv-corp-mnr-reduced-by-da-davidson.html.
About Monmouth R.E. Inv.
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.
Receive News & Ratings for Monmouth R.E. Inv. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monmouth R.E. Inv. and related companies with MarketBeat.com's FREE daily email newsletter.