BidaskClub downgraded shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) from a buy rating to a hold rating in a research note published on Thursday.

MNR has been the subject of several other research reports. Zacks Investment Research upgraded shares of Monmouth Real Estate Investment Corporation from a hold rating to a buy rating and set a $16.00 target price for the company in a research note on Wednesday, April 12th. DA Davidson upgraded shares of Monmouth Real Estate Investment Corporation from a neutral rating to a buy rating and set a $16.00 target price for the company in a research note on Thursday, May 18th. National Securities restated a buy rating and issued a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research note on Thursday, May 4th. Finally, FBR & Co restated an outperform rating and issued a $16.50 target price 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 four have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $15.92.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) traded down 0.06% during trading on Thursday, reaching $15.45. 94,359 shares of the company traded hands. Monmouth Real Estate Investment Corporation has a 52 week low of $12.89 and a 52 week high of $15.67. The firm’s 50 day moving average price is $15.20 and its 200-day moving average price is $14.74. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 48.89 and a beta of 0.51.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be issued a $0.16 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.14%. Monmouth Real Estate Investment Corporation’s dividend payout ratio is presently 200.01%.

Several institutional investors have recently made changes to their positions in MNR. Vanguard Group Inc. increased its position in shares of Monmouth Real Estate Investment Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 7,667,241 shares of the real estate investment trust’s stock worth $109,412,000 after buying an additional 257,768 shares in the last quarter. Boulegeris Investments Inc. increased its position in shares of Monmouth Real Estate Investment Corporation by 0.7% in the first quarter. Boulegeris Investments Inc. now owns 2,357,758 shares of the real estate investment trust’s stock worth $33,645,000 after buying an additional 15,933 shares in the last quarter. State Street Corp increased its position in shares of Monmouth Real Estate Investment Corporation by 17.1% in the first quarter. State Street Corp now owns 1,511,018 shares of the real estate investment trust’s stock worth $21,566,000 after buying an additional 220,934 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Monmouth Real Estate Investment Corporation by 14.3% in the first quarter. Renaissance Technologies LLC now owns 1,367,600 shares of the real estate investment trust’s stock worth $19,516,000 after buying an additional 171,100 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Monmouth Real Estate Investment Corporation by 14.5% in the first quarter. Principal Financial Group Inc. now owns 906,651 shares of the real estate investment trust’s stock worth $12,937,000 after buying an additional 115,109 shares in the last quarter. Institutional investors and hedge funds own 59.77% of the company’s stock.

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.

Analyst Recommendations for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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