Citadel Advisors LLC boosted its stake in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 17.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 328,854 shares of the real estate investment trust’s stock after purchasing an additional 49,935 shares during the period. Citadel Advisors LLC’s holdings in Monmouth R.E. Inv. were worth $5,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ancora Advisors LLC bought a new stake in Monmouth R.E. Inv. during the 3rd quarter valued at about $114,000. Amalgamated Bank bought a new stake in Monmouth R.E. Inv. during the 2nd quarter valued at about $175,000. Dynamic Technology Lab Private Ltd bought a new stake in Monmouth R.E. Inv. during the 2nd quarter valued at about $183,000. Ausdal Financial Partners Inc. bought a new stake in Monmouth R.E. Inv. during the 2nd quarter valued at about $187,000. Finally, Private Advisor Group LLC bought a new stake in shares of Monmouth R.E. Inv. in the 3rd quarter valued at about $198,000. Institutional investors own 64.41% of the company’s stock.

NYSE:MNR opened at $13.79 on Friday. Monmouth R.E. Inv. Corp. has a one year low of $13.46 and a one year high of $18.27. The company has a debt-to-equity ratio of 1.76, a current ratio of 3.43 and a quick ratio of 3.43. The stock has a market capitalization of $1.25 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 2.06 and a beta of 0.63.

Monmouth R.E. Inv. (NYSE:MNR) last posted 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 business had revenue of $36.60 million during the quarter, compared to the consensus estimate of $38.18 million. Research analysts forecast that Monmouth R.E. Inv. Corp. will post 0.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Thursday, November 15th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.68 annualized dividend and a dividend yield of 4.93%. Monmouth R.E. Inv.’s dividend payout ratio is currently 78.16%.

In other news, insider Michael P. Landy acquired 2,000 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were purchased at an average price of $13.70 per share, with a total value of $27,400.00. Following the transaction, the insider now directly owns 407,747 shares in the company, valued at $5,586,133.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Umh Properties, Inc. acquired 9,396 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was purchased at an average cost of $16.39 per share, for a total transaction of $154,000.44. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 13,841 shares of company stock valued at $216,122. Company insiders own 4.63% of the company’s stock.

Several equities research analysts have recently commented on MNR shares. Boenning Scattergood restated a “buy” rating and issued a $19.00 price target on shares of Monmouth R.E. Inv. in a report on Friday, September 7th. Zacks Investment Research lowered shares of Monmouth R.E. Inv. from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine lowered shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, B. Riley upgraded shares of Monmouth R.E. Inv. from a “neutral” rating to a “buy” rating and reduced their price target for the company from $17.50 to $17.00 in a report on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.25.

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Monmouth R.E. Inv. Profile

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes 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 109 properties containing a total of approximately 20.5 million rentable square feet, geographically diversified across 30 states.

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Want to see what other hedge funds are holding MNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monmouth R.E. Inv. Corp. (NYSE:MNR).

Institutional Ownership by Quarter for Monmouth R.E. Inv. (NYSE:MNR)

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