B. Riley Weighs in on Monmouth R.E. Inv. Corp.’s Q3 2019 Earnings (MNR)

Monmouth R.E. Inv. Corp. (NYSE:MNR) – Equities researchers at B. Riley cut their Q3 2019 earnings estimates for Monmouth R.E. Inv. in a report released on Monday, February 11th. B. Riley analyst C. Kucera now expects that the real estate investment trust will post earnings per share of $0.24 for the quarter, down from their previous forecast of $0.25. B. Riley also issued estimates for Monmouth R.E. Inv.’s Q2 2020 earnings at $0.25 EPS, Q4 2020 earnings at $0.26 EPS and FY2020 earnings at $1.05 EPS.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine raised Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Boenning Scattergood set a $18.00 price objective on Monmouth R.E. Inv. and gave the company a “buy” rating in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $18.00.

Shares of NYSE:MNR opened at $13.64 on Tuesday. Monmouth R.E. Inv. has a 52-week low of $11.88 and a 52-week high of $17.51. The company has a market capitalization of $1.27 billion, a PE ratio of 15.68, a PEG ratio of 2.03 and a beta of 0.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.46 and a quick ratio of 7.46.

Monmouth R.E. Inv. (NYSE:MNR) last announced its earnings results on Wednesday, November 28th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15). Monmouth R.E. Inv. had a return on equity of 0.27% and a net margin of 1.33%. The firm had revenue of $36.60 million during the quarter, compared to the consensus estimate of $38.18 million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, February 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Thursday, February 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is presently 78.16%.

In related news, insider Umh Properties, Inc. acquired 11,958 shares of Monmouth R.E. Inv. stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average price of $13.72 per share, with a total value of $164,063.76. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael P. Landy acquired 2,000 shares of Monmouth R.E. Inv. stock in a transaction that occurred on Friday, November 30th. The shares were bought at an average cost of $13.70 per share, with a total value of $27,400.00. Following the transaction, the insider now owns 407,747 shares in the company, valued at $5,586,133.90. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 16,252 shares of company stock valued at $222,263. 4.63% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Private Capital Group LLC boosted its stake in Monmouth R.E. Inv. by 212.2% during the 4th quarter. Private Capital Group LLC now owns 2,953 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 2,007 shares during the last quarter. First Quadrant L P CA purchased a new stake in Monmouth R.E. Inv. during the 4th quarter valued at $73,000. New York State Teachers Retirement System purchased a new stake in Monmouth R.E. Inv. during the 4th quarter valued at $84,000. Ancora Advisors LLC purchased a new stake in Monmouth R.E. Inv. during the 3rd quarter valued at $114,000. Finally, Quantamental Technologies LLC purchased a new stake in Monmouth R.E. Inv. during the 4th quarter valued at $96,000. Institutional investors and hedge funds own 58.57% of the company’s stock.

About Monmouth R.E. Inv.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 113 properties containing a total of approximately 21.6 million rentable square feet, geographically diversified across 30 states.

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Earnings History and Estimates for Monmouth R.E. Inv. (NYSE:MNR)

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