Monmouth R.E. Inv. Corp. (MNR) Insider Buys $153,991.53 in Stock

Monmouth R.E. Inv. Corp. (NYSE:MNR) insider Umh Properties, Inc. bought 9,053 shares of Monmouth R.E. Inv. stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average price of $17.01 per share, with a total value of $153,991.53. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) traded down $0.13 during mid-day trading on Thursday, reaching $17.41. 255,800 shares of the company’s stock were exchanged, compared to its average volume of 323,626. The firm has a market capitalization of $1,343.02, a PE ratio of 22.78, a P/E/G ratio of 2.79 and a beta of 0.52. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 1.52. Monmouth R.E. Inv. Corp. has a 12-month low of $13.68 and a 12-month high of $18.45.

Monmouth R.E. Inv. (NYSE:MNR) last announced its quarterly earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The firm had revenue of $30.40 million during the quarter, compared to analyst estimates of $30.91 million. Monmouth R.E. Inv. had a net margin of 30.84% and a return on equity of 7.65%. The business’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. research analysts expect that Monmouth R.E. Inv. Corp. will post 0.9 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were paid a $0.17 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.68 dividend on an annualized basis and a yield of 3.91%. This is a boost from Monmouth R.E. Inv.’s previous quarterly dividend of $0.16. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is currently 212.51%.

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Monmouth R.E. Inv. by 24.4% during the first quarter. Bank of America Corp DE now owns 30,788 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 6,032 shares during the period. Bank of Montreal Can grew its position in Monmouth R.E. Inv. by 38.5% in the 2nd quarter. Bank of Montreal Can now owns 60,102 shares of the real estate investment trust’s stock valued at $904,000 after acquiring an additional 16,702 shares during the last quarter. Aperio Group LLC grew its position in Monmouth R.E. Inv. by 3.3% in the 2nd quarter. Aperio Group LLC now owns 20,782 shares of the real estate investment trust’s stock valued at $313,000 after acquiring an additional 671 shares during the last quarter. US Bancorp DE grew its position in Monmouth R.E. Inv. by 172.8% in the 2nd quarter. US Bancorp DE now owns 12,682 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 8,034 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Monmouth R.E. Inv. by 148.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 105,408 shares of the real estate investment trust’s stock valued at $1,586,000 after acquiring an additional 63,006 shares during the last quarter. Hedge funds and other institutional investors own 63.11% of the company’s stock.

Several research analysts recently commented on MNR shares. BMO Capital Markets started coverage on shares of Monmouth R.E. Inv. in a report on Monday, September 11th. They set a “market perform” rating and a $16.50 target price for the company. Zacks Investment Research cut shares of Monmouth R.E. Inv. from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. National Securities increased their price target on shares of Monmouth R.E. Inv. from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, B. Riley increased their price target on shares of Monmouth R.E. Inv. from $16.50 to $18.50 and gave the company a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.58.

WARNING: “Monmouth R.E. Inv. Corp. (MNR) Insider Buys $153,991.53 in Stock” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.com-unik.info/2017/12/21/monmouth-r-e-inv-corp-mnr-insider-buys-153991-53-in-stock.html.

Monmouth R.E. Inv. 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.

Insider Buying and Selling by Quarter for Monmouth R.E. Inv. (NYSE:MNR)

What are top analysts saying about Monmouth R.E. Inv.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Monmouth R.E. Inv. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit