WealthTrust Axiom LLC trimmed its position in Monmouth Real Estate Investment Corporation (NYSE:MNR) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,300 shares of the real estate investment trust’s stock after selling 6,007 shares during the quarter. WealthTrust Axiom LLC owned approximately 0.15% of Monmouth Real Estate Investment Corporation worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MNR. UBS Asset Management Americas Inc. increased its holdings in shares of Monmouth Real Estate Investment Corporation by 26.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 125,589 shares of the real estate investment trust’s stock valued at $1,792,000 after acquiring an additional 26,278 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Monmouth Real Estate Investment Corporation by 1.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 130,856 shares of the real estate investment trust’s stock valued at $1,867,000 after acquiring an additional 1,946 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Monmouth Real Estate Investment Corporation in the 1st quarter valued at approximately $125,000. American International Group Inc. increased its holdings in shares of Monmouth Real Estate Investment Corporation by 7.5% in the 1st quarter. American International Group Inc. now owns 38,981 shares of the real estate investment trust’s stock valued at $556,000 after acquiring an additional 2,706 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Monmouth Real Estate Investment Corporation by 0.3% in the 1st quarter. California Public Employees Retirement System now owns 148,100 shares of the real estate investment trust’s stock valued at $2,113,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 62.12% of the company’s stock.

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Shares of Monmouth Real Estate Investment Corporation (NYSE MNR) traded up $0.10 on Monday, reaching $17.32. The company had a trading volume of 78,678 shares, compared to its average volume of 295,149. The company has a debt-to-equity ratio of 1.51, a quick ratio of 7.24 and a current ratio of 7.24. The company has a market cap of $1,249.51, a P/E ratio of 23.27, a P/E/G ratio of 2.66 and a beta of 0.51. Monmouth Real Estate Investment Corporation has a 52-week low of $12.91 and a 52-week high of $17.40.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $28.61 million during the quarter, compared to the consensus estimate of $28.81 million. Monmouth Real Estate Investment Corporation had a net margin of 32.02% and a return on equity of 7.91%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share. equities analysts predict that Monmouth Real Estate Investment Corporation will post 0.77 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 3.93%. Monmouth Real Estate Investment Corporation’s payout ratio is currently 213.33%.

In other Monmouth Real Estate Investment Corporation news, Chairman Eugene W. Landy sold 32,500 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $16.27, for a total value of $528,775.00. Following the completion of the sale, the chairman now directly owns 880,705 shares of the company’s stock, valued at $14,329,070.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 1,602 shares of company stock valued at $32,174 over the last three months. 5.31% of the stock is currently owned by insiders.

MNR has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on Monmouth Real Estate Investment Corporation in a report on Monday, September 11th. They issued a “market perform” rating and a $16.50 price target for the company. National Securities reiterated a “buy” rating and issued a $18.00 price target (up 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 Wednesday, October 18th. BidaskClub downgraded Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, FBR & Co restated an “outperform” rating and set a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a research note on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.00.

About Monmouth Real Estate Investment Corporation

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

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