Equities research analysts expect Monmouth Real Estate Investment Corporation (NYSE:MNR) to post earnings of $0.21 per share for the current quarter, Zacks reports. Two analysts have made estimates for Monmouth Real Estate Investment Corporation’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.20. Monmouth Real Estate Investment Corporation reported earnings of $0.07 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The business is expected to announce its next earnings results after the market closes on Wednesday, November 29th.

According to Zacks, analysts expect that Monmouth Real Estate Investment Corporation will report full-year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.79. For the next financial year, analysts forecast that the firm will report earnings of $0.92 per share, with EPS estimates ranging from $0.88 to $0.97. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Monmouth Real Estate Investment Corporation.

Several research firms have issued reports on MNR. B. Riley reiterated a “buy” rating on shares of Monmouth Real Estate Investment Corporation in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. BidaskClub cut shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. National Securities restated a “buy” rating and set a $18.00 price objective (up previously from $16.50) on shares of Monmouth Real Estate Investment Corporation in a research report on Monday, August 21st. Finally, BMO Capital Markets began coverage on shares of Monmouth Real Estate Investment Corporation in a research report on Monday, September 11th. They set a “market perform” rating and a $16.50 price objective on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Monmouth Real Estate Investment Corporation presently has an average rating of “Buy” and a consensus price target of $17.00.

In other news, Chairman Eugene W. Landy sold 32,500 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $16.27, for a total transaction of $528,775.00. Following the sale, the chairman now owns 880,705 shares in the company, valued at approximately $14,329,070.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have bought 445 shares of company stock worth $7,004. Corporate insiders own 5.31% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Barings LLC purchased a new stake in shares of Monmouth Real Estate Investment Corporation during the 3rd quarter valued at $168,000. Schroder Investment Management Group bought a new position in shares of Monmouth Real Estate Investment Corporation during the 3rd quarter valued at $182,000. QS Investors LLC grew its holdings in shares of Monmouth Real Estate Investment Corporation by 6.8% during the 2nd quarter. QS Investors LLC now owns 11,357 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 720 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Monmouth Real Estate Investment Corporation during the 2nd quarter valued at $173,000. Finally, Pekin Singer Strauss Asset Management IL grew its holdings in shares of Monmouth Real Estate Investment Corporation by 5.4% during the 2nd quarter. Pekin Singer Strauss Asset Management IL now owns 11,650 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 595 shares during the last quarter. Hedge funds and other institutional investors own 64.50% of the company’s stock.

Monmouth Real Estate Investment Corporation (NYSE:MNR) traded up $0.05 during midday trading on Friday, reaching $17.70. 103,052 shares of the company’s stock traded hands, compared to its average volume of 316,280. Monmouth Real Estate Investment Corporation has a fifty-two week low of $13.30 and a fifty-two week high of $17.77. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 1.51. The stock has a market cap of $1,320.00, a PE ratio of 23.85, a PEG ratio of 2.73 and a beta of 0.51.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.68 annualized dividend and a dividend yield of 3.84%. This is a boost from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. Monmouth Real Estate Investment Corporation’s dividend payout ratio (DPR) is 226.67%.

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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.

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Earnings History and Estimates for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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