Monmouth R.E. Inv. Corp. (MNR) Position Lifted by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 2.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 923,905 shares of the real estate investment trust’s stock after buying an additional 18,160 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Monmouth R.E. Inv. were worth $15,448,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Amalgamated Bank acquired a new position in shares of Monmouth R.E. Inv. in the second quarter valued at about $175,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Monmouth R.E. Inv. in the second quarter valued at about $180,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Monmouth R.E. Inv. in the second quarter valued at about $183,000. Ausdal Financial Partners Inc. acquired a new position in shares of Monmouth R.E. Inv. in the second quarter valued at about $187,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Monmouth R.E. Inv. in the first quarter valued at about $174,000. 62.67% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Monmouth R.E. Inv. from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, July 17th. ValuEngine raised Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. B. Riley raised Monmouth R.E. Inv. from a “neutral” rating to a “buy” rating and cut their price objective for the company from $17.50 to $17.00 in a report on Tuesday, October 9th. Finally, Boenning Scattergood reissued a “buy” rating and issued a $19.00 price objective on shares of Monmouth R.E. Inv. in a report on Friday, September 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $18.60.

In related news, insider Umh Properties, Inc. bought 9,396 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were purchased at an average cost of $16.39 per share, with a total value of $154,000.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Eugene W. Landy sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $16.84, for a total value of $134,720.00. Following the sale, the chairman now directly owns 852,776 shares in the company, valued at $14,360,747.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 12,914 shares of company stock worth $209,421. 4.63% of the stock is owned by corporate insiders.

Shares of MNR stock opened at $14.96 on Thursday. The company has a current ratio of 5.61, a quick ratio of 5.61 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $1.25 billion, a PE ratio of 17.44, a PEG ratio of 2.19 and a beta of 0.53. Monmouth R.E. Inv. Corp. has a fifty-two week low of $13.87 and a fifty-two week high of $18.45.

Monmouth R.E. Inv. (NYSE:MNR) last announced its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). The firm had revenue of $36.20 million during the quarter, compared to analyst estimates of $35.28 million. Monmouth R.E. Inv. had a net margin of 35.32% and a return on equity of 9.44%. Research analysts anticipate that Monmouth R.E. Inv. Corp. will post 0.91 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.55%. The ex-dividend date is Wednesday, November 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is 89.47%.

Monmouth R.E. Inv. Company Profile

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully-integrated and self-managed real estate company, whose property portfolio consists of 109 properties containing a total of approximately 20.5 million rentable square feet, geographically diversified across 30 states.

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

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