Monmouth R.E. Inv. Corp. (MNR) Receives Average Recommendation of “Hold” from Brokerages

Monmouth R.E. Inv. Corp. (NYSE:MNR) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $15.63.

A number of analysts have recently commented on MNR shares. Boenning Scattergood reissued a “buy” rating and issued a $17.50 price objective on shares of Monmouth R.E. Inv. in a research report on Friday, May 10th. TheStreet downgraded shares of Monmouth R.E. Inv. from a “b-” rating to a “c” rating in a report on Friday, February 15th. ValuEngine upgraded shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Zacks Investment Research upgraded shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Monmouth R.E. Inv. in a report on Friday, March 8th. They set a “neutral” rating and a $14.00 target price on the stock.

In related news, insider Umh Properties, Inc. acquired 19,365 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $12.60 per share, for a total transaction of $243,999.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael P. Landy acquired 2,100 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was bought at an average price of $13.18 per share, for a total transaction of $27,678.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 22,709 shares of company stock worth $287,691 and have sold 17,000 shares worth $241,600. 4.02% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in MNR. Buffington Mohr McNeal acquired a new position in shares of Monmouth R.E. Inv. in the first quarter valued at $36,000. Private Capital Group LLC increased its holdings in shares of Monmouth R.E. Inv. by 212.2% in the fourth quarter. Private Capital Group LLC now owns 2,953 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 2,007 shares during the last quarter. First Quadrant L P CA acquired a new position in shares of Monmouth R.E. Inv. in the fourth quarter valued at $73,000. New York State Teachers Retirement System acquired a new position in shares of Monmouth R.E. Inv. in the fourth quarter valued at $84,000. Finally, SEI Investments Co increased its holdings in shares of Monmouth R.E. Inv. by 71.4% in the first quarter. SEI Investments Co now owns 7,000 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 2,916 shares during the last quarter. Hedge funds and other institutional investors own 68.55% of the company’s stock.

Shares of MNR stock traded up $0.06 during trading on Friday, reaching $13.95. The company’s stock had a trading volume of 240,752 shares, compared to its average volume of 494,388. The company has a quick ratio of 10.71, a current ratio of 10.71 and a debt-to-equity ratio of 1.37. The firm has a market cap of $1.31 billion, a PE ratio of 16.03, a P/E/G ratio of 2.19 and a beta of 0.72. Monmouth R.E. Inv. has a one year low of $11.88 and a one year high of $17.51.

Monmouth R.E. Inv. (NYSE:MNR) last announced its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. The business had revenue of $39.31 million for the quarter, compared to analyst estimates of $40.31 million. Monmouth R.E. Inv. had a net margin of 15.10% and a return on equity of 2.99%. On average, equities analysts predict that Monmouth R.E. Inv. will post 0.9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.68 dividend on an annualized basis and a yield of 4.87%. Monmouth R.E. Inv.’s payout ratio is 78.16%.

Monmouth R.E. Inv. Company Profile

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 113 properties containing a total of approximately 21.8 million rentable square feet, geographically diversified across 30 states.

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