Monmouth Real Estate Investment Corporation to Post Q3 2018 Earnings of $0.24 Per Share, DA Davidson Forecasts (MNR)

Monmouth Real Estate Investment Corporation (NYSE:MNR) – Analysts at DA Davidson lifted their Q3 2018 earnings per share estimates for shares of Monmouth Real Estate Investment Corporation in a research note issued to investors on Tuesday. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will earn $0.24 per share for the quarter, up from their prior estimate of $0.22. DA Davidson currently has a “Buy” rating and a $16.00 target price on the stock. DA Davidson also issued estimates for Monmouth Real Estate Investment Corporation’s FY2018 earnings at $0.92 EPS.

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 consensus estimate of $0.17 by $0.04. Monmouth Real Estate Investment Corporation had a net margin of 32.02% and a return on equity of 7.91%. The firm had revenue of $28.61 million during the quarter, compared to the consensus estimate of $28.81 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This article was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.com-unik.info/2017/08/17/monmouth-real-estate-investment-corporation-to-post-q3-2018-earnings-of-0-24-per-share-da-davidson-forecasts-mnr.html.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday. FBR & Co reaffirmed an “outperform” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a report on Tuesday, July 11th. National Securities reaffirmed a “buy” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a report on Thursday, May 4th. Finally, BidaskClub cut shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $16.20.

Monmouth Real Estate Investment Corporation (NYSE:MNR) traded up 0.13% on Wednesday, hitting $15.15. 183,661 shares of the company traded hands. Monmouth Real Estate Investment Corporation has a 12 month low of $12.89 and a 12 month high of $15.67. The stock has a market cap of $1.13 billion, a PE ratio of 51.01 and a beta of 0.51. The stock’s 50-day moving average is $15.28 and its 200 day moving average is $14.76.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of Monmouth Real Estate Investment Corporation by 8.0% in the first quarter. Envestnet Asset Management Inc. now owns 7,571 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 559 shares during the last quarter. SG Americas Securities LLC bought a new stake in Monmouth Real Estate Investment Corporation during the first quarter valued at approximately $125,000. BTC Capital Management Inc. bought a new stake in Monmouth Real Estate Investment Corporation during the first quarter valued at approximately $160,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Monmouth Real Estate Investment Corporation by 15.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,715 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,600 shares in the last quarter. Finally, Financial Counselors Inc. bought a new stake in Monmouth Real Estate Investment Corporation during the first quarter valued at approximately $171,000. Institutional investors own 58.35% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Friday, August 11th. Monmouth Real Estate Investment Corporation’s payout ratio is 213.33%.

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.

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

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