Strs Ohio Has $1.85 Million Position in Monmouth R.E. Inv. Corp. (MNR)

Strs Ohio lessened its stake in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 7.6% during the 1st quarter, HoldingsChannel reports. The fund owned 140,083 shares of the real estate investment trust’s stock after selling 11,489 shares during the period. Strs Ohio’s holdings in Monmouth R.E. Inv. were worth $1,846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its position in Monmouth R.E. Inv. by 35.8% during the fourth quarter. Great West Life Assurance Co. Can now owns 16,975 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 4,472 shares during the last quarter. Vanguard Group Inc increased its position in Monmouth R.E. Inv. by 2.8% during the third quarter. Vanguard Group Inc now owns 7,951,515 shares of the real estate investment trust’s stock worth $132,950,000 after buying an additional 214,442 shares during the last quarter. Addison Capital Co acquired a new position in Monmouth R.E. Inv. during the fourth quarter worth approximately $310,000. Pensionfund DSM Netherlands increased its position in Monmouth R.E. Inv. by 27.5% during the fourth quarter. Pensionfund DSM Netherlands now owns 116,000 shares of the real estate investment trust’s stock worth $1,438,000 after buying an additional 25,000 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in Monmouth R.E. Inv. by 56.6% during the first quarter. Wedbush Securities Inc. now owns 47,656 shares of the real estate investment trust’s stock worth $628,000 after buying an additional 17,231 shares during the last quarter. Institutional investors and hedge funds own 68.07% of the company’s stock.

Monmouth R.E. Inv. stock opened at $13.61 on Monday. Monmouth R.E. Inv. Corp. has a 12 month low of $11.88 and a 12 month high of $17.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.46 and a current ratio of 7.46. The company has a market capitalization of $1.27 billion, a PE ratio of 15.64, a PEG ratio of 2.07 and a beta of 0.79.

Monmouth R.E. Inv. (NYSE:MNR) last posted its earnings results on Thursday, February 7th. The real estate investment trust reported ($0.36) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.59). Monmouth R.E. Inv. had a net margin of 1.33% and a return on equity of 0.27%. The firm had revenue of $39.15 million during the quarter, compared to analyst estimates of $40.22 million. On average, analysts anticipate that Monmouth R.E. Inv. Corp. will post 0.94 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Tuesday, May 14th. Monmouth R.E. Inv.’s dividend payout ratio is currently 78.16%.

In other Monmouth R.E. Inv. news, insider Michael P. Landy bought 2,100 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was purchased at an average cost of $13.18 per share, for a total transaction of $27,678.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Eugene W. Landy sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $13.34, for a total value of $266,800.00. Following the sale, the chairman now owns 918,733 shares of the company’s stock, valued at $12,255,898.22. The disclosure for this sale can be found here. In the last three months, insiders have purchased 22,713 shares of company stock worth $287,689 and have sold 29,000 shares worth $396,800. Corporate insiders own 4.02% of the company’s stock.

A number of equities analysts have weighed in on the company. TheStreet downgraded Monmouth R.E. Inv. from a “b-” rating to a “c” rating in a research report on Friday, February 15th. Boenning Scattergood set a $18.00 target price on Monmouth R.E. Inv. and gave the company a “buy” rating in a research report on Friday, February 8th. JPMorgan Chase & Co. began coverage on Monmouth R.E. Inv. in a research report on Friday, March 8th. They issued a “neutral” rating and a $14.00 target price on the stock. Zacks Investment Research downgraded Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research report on Tuesday, February 12th. Finally, ValuEngine downgraded Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.67.

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Monmouth R.E. Inv. Profile

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize 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 113 properties containing a total of approximately 21.6 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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