IndexIQ Advisors LLC raised its position in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) by 14.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,205 shares of the real estate investment trust’s stock after buying an additional 10,211 shares during the period. IndexIQ Advisors LLC owned approximately 0.11% of Monmouth Real Estate Investment Corporation worth $1,222,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Boulegeris Investments Inc. increased its position in shares of Monmouth Real Estate Investment Corporation by 1.6% in the second quarter. Boulegeris Investments Inc. now owns 2,396,252 shares of the real estate investment trust’s stock worth $36,063,000 after buying an additional 38,494 shares in the last quarter. Intrust Bank NA acquired a new position in shares of Monmouth Real Estate Investment Corporation during the second quarter worth approximately $181,000. Cornerstone Capital Inc. increased its position in shares of Monmouth Real Estate Investment Corporation by 55.5% in the second quarter. Cornerstone Capital Inc. now owns 191,860 shares of the real estate investment trust’s stock worth $2,887,000 after buying an additional 68,440 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Monmouth Real Estate Investment Corporation by 23.7% in the second quarter. BNP Paribas Arbitrage SA now owns 29,874 shares of the real estate investment trust’s stock worth $450,000 after buying an additional 5,729 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Monmouth Real Estate Investment Corporation by 5.9% in the second quarter. Legal & General Group Plc now owns 168,601 shares of the real estate investment trust’s stock worth $2,538,000 after buying an additional 9,360 shares in the last quarter. 60.54% of the stock is owned by hedge funds and other institutional investors.

Monmouth Real Estate Investment Corporation (MNR) opened at 16.23 on Thursday. Monmouth Real Estate Investment Corporation has a 12-month low of $12.89 and a 12-month high of $16.23. The company has a market cap of $1.21 billion, a P/E ratio of 54.65 and a beta of 0.51. The firm’s 50-day moving average price is $15.33 and its 200-day moving average price is $14.81.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last posted its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. The business 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%. Monmouth Real Estate Investment Corporation’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS. Analysts expect that Monmouth Real Estate Investment Corporation will post $0.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Friday, August 11th. Monmouth Real Estate Investment Corporation’s dividend payout ratio (DPR) is presently 213.33%.

WARNING: This piece of content was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/indexiq-advisors-llc-has-1-22-million-position-in-monmouth-real-estate-investment-corporation-mnr/1534012.html.

A number of brokerages recently commented on MNR. National Securities reissued a “buy” rating and issued a $18.00 price target (up previously from $16.50) on shares of Monmouth Real Estate Investment Corporation in a report on Monday, August 21st. Zacks Investment Research downgraded Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. BidaskClub downgraded Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. FBR & Co reaffirmed an “outperform” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a report on Tuesday, July 11th. Finally, DA Davidson raised Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, May 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Monmouth Real Estate Investment Corporation has an average rating of “Buy” and a consensus price target of $16.50.

Monmouth Real Estate Investment Corporation 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.

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

Receive News & Ratings for Monmouth Real Estate Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monmouth Real Estate Investment Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.