Q4 2018 EPS Estimates for Monmouth R.E. Inv. Corp. (MNR) Reduced by DA Davidson

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.

Shares of Monmouth R.E. Inv. (MNR) traded down $0.13 during trading on Monday, reaching $14.34. The company had a trading volume of 296,457 shares, compared to its average volume of 406,089. The stock has a market capitalization of $1,145.18, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43. Monmouth R.E. Inv. has a 52 week low of $13.68 and a 52 week high of $18.45. The company has a quick ratio of 6.85, a current ratio of 6.85 and a debt-to-equity ratio of 1.50.

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%.

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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.

Earnings History and Estimates for Monmouth R.E. Inv. (NYSE:MNR)

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