Monmouth R.E. Inv. Corp. (MNR) Insider Acquires $164,063.76 in Stock
Monmouth R.E. Inv. Corp. (NYSE:MNR) insider Umh Properties, Inc. acquired 11,958 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The stock was purchased at an average price of $13.72 per share, for a total transaction of $164,063.76. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
MNR stock traded up $0.15 during midday trading on Tuesday, hitting $13.72. 39,819 shares of the company traded hands, compared to its average volume of 592,306. Monmouth R.E. Inv. Corp. has a twelve month low of $13.46 and a twelve month high of $18.27. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.76. The company has a market cap of $1.26 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64.
Monmouth R.E. Inv. (NYSE:MNR) last announced its quarterly earnings results on Wednesday, November 28th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.15). Monmouth R.E. Inv. had a net margin of 34.09% and a return on equity of 9.61%. The company had revenue of $36.60 million for the quarter, compared to analyst estimates of $38.18 million. As a group, equities analysts expect that Monmouth R.E. Inv. Corp. will post 0.95 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC acquired a new position in Monmouth R.E. Inv. during the third quarter valued at approximately $114,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Monmouth R.E. Inv. in the second quarter valued at approximately $183,000. Ausdal Financial Partners Inc. bought a new stake in shares of Monmouth R.E. Inv. in the second quarter valued at approximately $187,000. Private Advisor Group LLC bought a new stake in shares of Monmouth R.E. Inv. in the third quarter valued at approximately $198,000. Finally, Macquarie Group Ltd. boosted its position in shares of Monmouth R.E. Inv. by 28.8% in the second quarter. Macquarie Group Ltd. now owns 15,200 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 3,400 shares during the period. Institutional investors own 57.31% of the company’s stock.
A number of equities analysts recently commented on the company. Boenning Scattergood restated a “buy” rating and issued a $19.00 price objective on shares of Monmouth R.E. Inv. in a report on Friday, September 7th. B. Riley upgraded Monmouth R.E. Inv. from a “neutral” rating to a “buy” rating and lowered their price target for the company from $17.50 to $17.00 in a report on Tuesday, October 9th. ValuEngine downgraded Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a report on Friday, November 30th. Finally, Zacks Investment Research downgraded Monmouth R.E. Inv. from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Monmouth R.E. Inv. presently has a consensus rating of “Hold” and a consensus price target of $18.25.
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. 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 112 properties containing a total of approximately 21.5 million rentable square feet, geographically diversified across 30 states.
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