Monmouth Real Estate Investment Corporation (MNR) Shares Bought by Palisade Capital Management LLC NJ

Palisade Capital Management LLC NJ lifted its position in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) by 173.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,040 shares of the real estate investment trust’s stock after purchasing an additional 85,040 shares during the period. Palisade Capital Management LLC NJ owned about 0.18% of Monmouth Real Estate Investment Corporation worth $2,170,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MNR. SG Americas Securities LLC acquired a new stake in shares of Monmouth Real Estate Investment Corporation during the first quarter worth about $125,000. QS Investors LLC increased its position in shares of Monmouth Real Estate Investment Corporation by 6.8% during the second quarter. QS Investors LLC now owns 11,357 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 720 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Monmouth Real Estate Investment Corporation during the second quarter worth about $173,000. Pekin Singer Strauss Asset Management IL increased its position in shares of Monmouth Real Estate Investment Corporation by 5.4% during the second quarter. Pekin Singer Strauss Asset Management IL now owns 11,650 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 595 shares in the last quarter. Finally, Intrust Bank NA acquired a new stake in shares of Monmouth Real Estate Investment Corporation during the second quarter worth about $181,000. Institutional investors and hedge funds own 60.63% of the company’s stock.

MNR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, October 4th. National Securities reiterated a “buy” rating and set a $18.00 target price (up previously from $16.50) on shares of Monmouth Real Estate Investment Corporation in a research report on Monday, August 21st. BidaskClub cut Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BMO Capital Markets initiated 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 target price on the stock. Finally, FBR & Co reiterated an “outperform” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research report on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $17.00.

Monmouth Real Estate Investment Corporation (NYSE:MNR) opened at $17.22 on Friday. The stock has a market capitalization of $1,249.52, a PE ratio of 23.27, a P/E/G ratio of 2.66 and a beta of 0.51. Monmouth Real Estate Investment Corporation has a 52-week low of $12.91 and a 52-week high of $17.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 7.24 and a quick ratio of 7.24.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last issued its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The firm had revenue of $28.61 million for the quarter, compared to analysts’ expectations of $28.81 million. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. equities analysts expect that Monmouth Real Estate Investment Corporation will post 0.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.95%. The ex-dividend date is Tuesday, November 14th. This is a boost from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. Monmouth Real Estate Investment Corporation’s payout ratio is 213.33%.

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In related news, Chairman Eugene W. Landy sold 32,500 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $16.27, for a total value of $528,775.00. Following the transaction, the chairman now owns 880,705 shares in the company, valued at approximately $14,329,070.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 1,602 shares of company stock worth $32,174 in the last 90 days. 5.31% of the stock is currently owned by insiders.

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.

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

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