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.

The business also recently declared a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Thursday, November 15th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $0.68 annualized dividend and a yield of 4.96%. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is presently 78.16%.

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.

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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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