Wedbush Securities Inc. cut its stake in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 37,796 shares of the real estate investment trust’s stock after selling 240 shares during the period. Wedbush Securities Inc.’s holdings in Monmouth Real Estate Investment Corporation were worth $569,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Anchor Capital Advisors LLC increased its position in Monmouth Real Estate Investment Corporation by 0.8% in the second quarter. Anchor Capital Advisors LLC now owns 22,800 shares of the real estate investment trust’s stock valued at $343,000 after buying an additional 190 shares in the last quarter. Honkamp Krueger Financial Services Inc. increased its position in Monmouth Real Estate Investment Corporation by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 49,035 shares of the real estate investment trust’s stock valued at $738,000 after buying an additional 305 shares in the last quarter. Saratoga Research & Investment Management increased its position in Monmouth Real Estate Investment Corporation by 1.6% in the second quarter. Saratoga Research & Investment Management now owns 29,120 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 465 shares in the last quarter. California Public Employees Retirement System increased its position in Monmouth Real Estate Investment Corporation by 0.3% in the first 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 buying an additional 500 shares in the last quarter. Finally, Albert D Mason Inc. increased its position in Monmouth Real Estate Investment Corporation by 0.3% in the first quarter. Albert D Mason Inc. now owns 158,778 shares of the real estate investment trust’s stock valued at $2,266,000 after buying an additional 535 shares in the last quarter. 58.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Monmouth Real Estate Investment Corporation (NYSE MNR) opened at 15.19 on Wednesday. Monmouth Real Estate Investment Corporation has a one year low of $12.89 and a one year high of $15.67. The stock has a market capitalization of $1.13 billion, a PE ratio of 51.14 and a beta of 0.51. The firm has a 50-day moving average price of $15.27 and a 200 day moving average price of $14.76.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The company had revenue of $28.61 million during the quarter, compared to analysts’ expectations of $28.81 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, equities analysts expect that Monmouth Real Estate Investment Corporation will post $0.36 EPS for the current fiscal year.

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 of this dividend is Friday, August 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.21%. Monmouth Real Estate Investment Corporation’s dividend payout ratio (DPR) is 213.33%.

TRADEMARK VIOLATION NOTICE: This piece was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/wedbush-securities-inc-sells-240-shares-of-monmouth-real-estate-investment-corporation-mnr/1493949.html.

Several research firms recently commented on MNR. FBR & Co reissued an “outperform” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Monmouth Real Estate Investment Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. National Securities restated a “buy” rating and issued a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a report on Thursday, May 4th. BidaskClub cut Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, DA Davidson upgraded 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 report on Thursday, May 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $16.00.

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.

Want to see what other hedge funds are holding MNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monmouth Real Estate Investment Corporation (NYSE:MNR).

Institutional Ownership by Quarter for Monmouth Real Estate Investment Corporation (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.