Monmouth R.E. Inv. Corp. (NYSE:MNR) Director Steven B. Wolgin bought 3,768 shares of Monmouth R.E. Inv. Corp. stock in a transaction dated Wednesday, March 15th. The stock was acquired at an average cost of $13.27 per share, with a total value of $50,001.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Monmouth R.E. Inv. Corp. (NYSE:MNR) traded down 1.54% during trading on Monday, reaching $14.10. The company had a trading volume of 285,454 shares. The firm has a market capitalization of $1.00 billion, a PE ratio of 43.93 and a beta of 0.54. The firm’s 50 day moving average price is $14.44 and its 200 day moving average price is $14.19. Monmouth R.E. Inv. Corp. has a 12-month low of $11.15 and a 12-month high of $15.35.

Monmouth R.E. Inv. Corp. (NYSE:MNR) last released its earnings results on Thursday, February 9th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. Monmouth R.E. Inv. Corp. had a net margin of 33.44% and a return on equity of 7.87%. The firm earned $27.18 million during the quarter, compared to analyst estimates of $23.17 million. During the same period last year, the business earned $0.17 earnings per share. The business’s revenue was up 22.2% on a year-over-year basis. Equities research analysts forecast that Monmouth R.E. Inv. Corp. will post $0.35 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, February 15th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $0.64 annualized dividend and a dividend yield of 4.54%. Monmouth R.E. Inv. Corp.’s payout ratio is 193.95%.

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Several institutional investors have recently added to or reduced their stakes in the stock. Putnam Investments LLC raised its position in Monmouth R.E. Inv. Corp. by 3.5% in the fourth quarter. Putnam Investments LLC now owns 13,201 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 449 shares during the last quarter. Bowling Portfolio Management LLC raised its position in Monmouth R.E. Inv. Corp. by 33.7% in the fourth quarter. Bowling Portfolio Management LLC now owns 23,076 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 5,815 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Monmouth R.E. Inv. Corp. by 24.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,772 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 1,503 shares during the last quarter. AQR Capital Management LLC raised its position in Monmouth R.E. Inv. Corp. by 1.3% in the fourth quarter. AQR Capital Management LLC now owns 321,751 shares of the real estate investment trust’s stock valued at $4,903,000 after buying an additional 4,031 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in Monmouth R.E. Inv. Corp. by 9.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 49,996 shares of the real estate investment trust’s stock valued at $762,000 after buying an additional 4,139 shares during the last quarter. Hedge funds and other institutional investors own 56.86% of the company’s stock.

Several equities analysts recently commented on the company. National Securities reiterated a “buy” rating and issued a $16.50 price objective (up previously from $16.00) on shares of Monmouth R.E. Inv. Corp. in a research note on Thursday, December 1st. DA Davidson set a $16.00 price objective on Monmouth R.E. Inv. Corp. and gave the company a “hold” rating in a research note on Thursday, December 1st. Zacks Investment Research downgraded Monmouth R.E. Inv. Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, December 6th. Finally, BMO Capital Markets downgraded Monmouth R.E. Inv. Corp. from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Friday, December 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $15.67.

Monmouth R.E. Inv. Corp. 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.

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