Balyasny Asset Management LLC purchased a new stake in Monmouth Real Estate Investment Corporation (NYSE:MNR) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 169,552 shares of the real estate investment trust’s stock, valued at approximately $2,552,000. Balyasny Asset Management LLC owned approximately 0.23% of Monmouth Real Estate Investment Corporation as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Anchor Capital Advisors LLC boosted its holdings in shares of Monmouth Real Estate Investment Corporation by 0.8% in the 2nd quarter. Anchor Capital Advisors LLC now owns 22,800 shares of the real estate investment trust’s stock valued at $343,000 after buying an additional 190 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its holdings in shares of Monmouth Real Estate Investment Corporation by 0.6% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 49,035 shares of the real estate investment trust’s stock valued at $738,000 after buying an additional 305 shares in the last quarter. Saratoga Research & Investment Management boosted its holdings in shares of Monmouth Real Estate Investment Corporation by 1.6% in the 2nd quarter. Saratoga Research & Investment Management now owns 29,120 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 465 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Monmouth Real Estate Investment Corporation by 0.3% in the 1st quarter. California Public Employees Retirement System now owns 148,100 shares of the real estate investment trust’s stock valued at $2,113,000 after buying an additional 500 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Monmouth Real Estate Investment Corporation by 8.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,571 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 559 shares in the last quarter. Institutional investors and hedge funds own 60.56% of the company’s stock.

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A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, October 4th. BMO Capital Markets assumed coverage on shares of Monmouth Real Estate Investment Corporation in a report on Monday, September 11th. They issued a “market perform” rating and a $16.50 price target on the stock. National Securities restated a “buy” rating and issued a $18.00 price target (up from $16.50) on shares of Monmouth Real Estate Investment Corporation in a report on Monday, August 21st. BidaskClub cut shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, FBR & Co restated an “outperform” rating and issued a $16.50 price target on shares of Monmouth Real Estate Investment Corporation in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $17.00.

Shares of Monmouth Real Estate Investment Corporation (MNR) opened at 16.65 on Thursday. The company has a 50-day moving average of $16.18 and a 200-day moving average of $15.24. The firm has a market capitalization of $1.16 billion, a PE ratio of 53.71 and a beta of 0.50. Monmouth Real Estate Investment Corporation has a 1-year low of $12.89 and a 1-year high of $16.68.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last announced its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The company had revenue of $28.61 million for the quarter, compared to analyst estimates of $28.81 million. Monmouth Real Estate Investment Corporation had a net margin of 32.02% and a return on equity of 7.91%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. Equities research analysts predict that Monmouth Real Estate Investment Corporation will post $0.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a $0.17 dividend. This is a positive change from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Tuesday, November 14th. Monmouth Real Estate Investment Corporation’s dividend payout ratio is currently 213.33%.

In other Monmouth Real Estate Investment Corporation news, Chairman Eugene W. Landy sold 32,500 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $16.27, for a total value of $528,775.00. Following the transaction, the chairman now directly owns 880,705 shares in the company, valued at $14,329,070.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 1,827 shares of company stock worth $35,170 over the last quarter. 5.31% of the stock is currently owned by insiders.

About Monmouth Real Estate Investment Corporation

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.

Institutional Ownership by Quarter for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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