Monmouth Real Estate Investment Corporation (MNR) Stake Held by Macquarie Group Ltd.

Macquarie Group Ltd. maintained its stake in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,300 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Macquarie Group Ltd.’s holdings in Monmouth Real Estate Investment Corporation were worth $140,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MNR. UBS Asset Management Americas Inc. grew its position in Monmouth Real Estate Investment Corporation by 26.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 125,589 shares of the real estate investment trust’s stock worth $1,792,000 after purchasing an additional 26,278 shares during the period. Parametric Portfolio Associates LLC grew its position in Monmouth Real Estate Investment Corporation by 1.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 130,856 shares of the real estate investment trust’s stock worth $1,867,000 after purchasing an additional 1,946 shares during the period. Envestnet Asset Management Inc. grew its position in Monmouth Real Estate Investment Corporation by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,571 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 559 shares during the period. SG Americas Securities LLC acquired a new stake in Monmouth Real Estate Investment Corporation during the 1st quarter worth about $125,000. Finally, American International Group Inc. grew its position in Monmouth Real Estate Investment Corporation by 7.5% during the 1st quarter. American International Group Inc. now owns 38,981 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 2,706 shares during the period. 60.63% of the stock is currently owned by institutional investors.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) opened at $17.22 on Friday. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $1.26 billion, a PE ratio of 23.39, a PEG ratio of 2.68 and a beta of 0.51.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last posted its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share (EPS) 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 business had revenue of $28.61 million for the quarter, compared to analyst estimates of $28.81 million. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. analysts anticipate that Monmouth Real Estate Investment Corporation will post 0.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.17 per share. This is a positive change from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Tuesday, November 14th. Monmouth Real Estate Investment Corporation’s dividend payout ratio is presently 213.33%.

In other news, Chairman Eugene W. Landy sold 32,500 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $16.27, for a total transaction of $528,775.00. Following the sale, the chairman now directly owns 880,705 shares of the company’s stock, valued at approximately $14,329,070.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have bought 1,602 shares of company stock worth $32,174. Corporate insiders own 5.31% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, August 16th. FBR & Co reaffirmed an “outperform” rating and set a $16.50 price target on shares of Monmouth Real Estate Investment Corporation in a research report on Tuesday, July 11th. BidaskClub downgraded Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. National Securities reaffirmed a “buy” rating and set a $18.00 price target (up from $16.50) on shares of Monmouth Real Estate Investment Corporation in a research report on Monday, August 21st. Finally, BMO Capital Markets assumed coverage on Monmouth Real Estate Investment Corporation in a research report on Monday, September 11th. They set a “market perform” rating and a $16.50 price target on the stock. 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 currently has an average rating of “Buy” and a consensus price target of $17.00.

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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.

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

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