Monmouth Real Estate Investment Corporation (NYSE:MNR) – Equities researchers at DA Davidson lowered their Q1 2018 EPS estimates for Monmouth Real Estate Investment in a report issued on Friday. DA Davidson analyst B. Oxford now expects that the real estate investment trust will post earnings of $0.20 per share for the quarter, down from their prior estimate of $0.21. DA Davidson also issued estimates for Monmouth Real Estate Investment’s Q4 2018 earnings at $0.26 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.28 EPS and Q4 2019 earnings at $0.29 EPS.

Monmouth Real Estate Investment (NYSE:MNR) last released its quarterly earnings data on Wednesday, November 29th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.12). Monmouth Real Estate Investment had a net margin of 30.84% and a return on equity of 7.65%. The company had revenue of $30.40 million for the quarter, compared to analysts’ expectations of $30.91 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis.

A number of other analysts have also recently commented on the stock. BMO Capital Markets initiated coverage on shares of Monmouth Real Estate Investment in a report on Monday, September 11th. They set a “market perform” rating and a $16.50 target price for the company. National Securities reaffirmed a “buy” rating and set a $18.00 target price (up from $16.50) on shares of Monmouth Real Estate Investment in a report on Monday, August 21st. Zacks Investment Research raised shares of Monmouth Real Estate Investment from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, October 4th. Finally, B. Riley upped their target price on shares of Monmouth Real Estate Investment from $16.50 to $18.50 and gave the company a “buy” rating in a report on Friday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Monmouth Real Estate Investment presently has an average rating of “Buy” and a consensus price target of $17.25.

Shares of Monmouth Real Estate Investment (MNR) traded up $0.20 during mid-day trading on Monday, reaching $18.19. 489,700 shares of the company’s stock were exchanged, compared to its average volume of 320,536. Monmouth Real Estate Investment has a twelve month low of $13.68 and a twelve month high of $18.45. The stock has a market capitalization of $1,377.47, a PE ratio of 23.36, a P/E/G ratio of 2.75 and a beta of 0.52. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 1.52.

Several large investors have recently modified their holdings of the stock. Sterling Capital Management LLC bought a new position in Monmouth Real Estate Investment during the third quarter valued at $457,000. Cornerstone Capital Inc. lifted its position in Monmouth Real Estate Investment by 27.1% during the third quarter. Cornerstone Capital Inc. now owns 243,805 shares of the real estate investment trust’s stock valued at $3,947,000 after purchasing an additional 51,945 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Monmouth Real Estate Investment by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 917,622 shares of the real estate investment trust’s stock valued at $14,856,000 after purchasing an additional 26,755 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Monmouth Real Estate Investment by 15.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 327,638 shares of the real estate investment trust’s stock valued at $5,305,000 after purchasing an additional 43,877 shares during the last quarter. Finally, Barings LLC bought a new position in Monmouth Real Estate Investment during the third quarter valued at $168,000. Hedge funds and other institutional investors own 66.64% of the company’s stock.

In related news, Chairman Eugene W. Landy sold 32,500 shares of the company’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 completion of the transaction, the chairman now owns 880,705 shares in the company, valued at $14,329,070.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have purchased 445 shares of company stock valued at $7,004. 5.31% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a dividend of $0.17 per share. This is a positive change from Monmouth Real Estate Investment’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.74%. Monmouth Real Estate Investment’s dividend payout ratio is currently 212.51%.

WARNING: This story was reported by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.watchlistnews.com/q1-2018-earnings-estimate-for-monmouth-real-estate-investment-corporation-issued-by-da-davidson-mnr/1745527.html.

Monmouth Real Estate Investment 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.

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

Receive News & Ratings for Monmouth Real Estate Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monmouth Real Estate Investment Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.