Monmouth Real Estate Investment Corporation (MNR) Stake Lessened by Benchmark Capital Advisors

Benchmark Capital Advisors decreased its holdings in Monmouth Real Estate Investment Corporation (NYSE:MNR) by 8.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 94,900 shares of the real estate investment trust’s stock after selling 8,700 shares during the period. Monmouth Real Estate Investment Corporation makes up about 1.2% of Benchmark Capital Advisors’ portfolio, making the stock its 24th biggest position. Benchmark Capital Advisors owned about 0.13% of Monmouth Real Estate Investment Corporation worth $1,536,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP increased its stake in shares of Monmouth Real Estate Investment Corporation by 151.5% in the 3rd quarter. First Trust Advisors LP now owns 54,007 shares of the real estate investment trust’s stock valued at $874,000 after purchasing an additional 32,533 shares during the last quarter. Loeb Partners Corp increased its stake in shares of Monmouth Real Estate Investment Corporation by 94.3% in the 3rd quarter. Loeb Partners Corp now owns 226,784 shares of the real estate investment trust’s stock valued at $3,672,000 after purchasing an additional 110,092 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Monmouth Real Estate Investment Corporation in the 3rd quarter valued at $199,000. Eqis Capital Management Inc. increased its stake in shares of Monmouth Real Estate Investment Corporation by 12.3% in the 3rd quarter. Eqis Capital Management Inc. now owns 40,829 shares of the real estate investment trust’s stock valued at $661,000 after purchasing an additional 4,463 shares during the last quarter. Finally, Intl Fcstone Inc. bought a new position in shares of Monmouth Real Estate Investment Corporation in the 2nd quarter valued at $361,000. Institutional investors own 60.56% of the company’s stock.

Shares of Monmouth Real Estate Investment Corporation (NYSE MNR) traded up 0.89% during midday trading on Friday, reaching $17.03. The company had a trading volume of 255,104 shares. The company has a market capitalization of $1.27 billion, a PE ratio of 57.34 and a beta of 0.50. The company has a 50 day moving average of $16.49 and a 200 day moving average of $15.46. Monmouth Real Estate Investment Corporation has a one year low of $12.91 and a one year high of $17.14.

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, beating 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 business had revenue of $28.61 million for the quarter, compared to the consensus estimate of $28.81 million. During the same quarter last year, the business posted $0.19 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Analysts predict that Monmouth Real Estate Investment Corporation will post $0.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.17 per share. This is an increase from Monmouth Real Estate Investment Corporation’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 yield of 3.99%. Monmouth Real Estate Investment Corporation’s dividend payout ratio (DPR) is presently 213.33%.

Several brokerages have recently issued reports on MNR. Zacks Investment Research lowered Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets began coverage on Monmouth Real Estate Investment Corporation in a research note on Monday, September 11th. They issued a “market perform” rating and a $16.50 price target on the stock. BidaskClub lowered Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. National Securities reiterated a “buy” rating and issued a $18.00 price target (up previously from $16.50) on shares of Monmouth Real Estate Investment Corporation in a research note on Monday, August 21st. Finally, FBR & Co reiterated an “outperform” rating and issued a $16.50 price target 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 three have given a buy rating to the stock. Monmouth Real Estate Investment Corporation has an average rating of “Buy” and an average target price of $17.00.

In other Monmouth Real Estate Investment Corporation news, Chairman Eugene W. Landy sold 32,500 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $16.27, for a total transaction of $528,775.00. Following the sale, the chairman now owns 880,705 shares in the company, valued at $14,329,070.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 1,602 shares of company stock worth $32,174 in the last 90 days. Company insiders own 5.31% of the company’s stock.

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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.

Institutional Ownership by Quarter for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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