Nomura Asset Management Co. Ltd. Has $713,000 Stake in Monmouth R.E. Inv. Corp. (MNR)

Nomura Asset Management Co. Ltd. grew its position in Monmouth R.E. Inv. Corp. (NYSE:MNR) by 18.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 57,500 shares of the real estate investment trust’s stock after buying an additional 8,900 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Monmouth R.E. Inv. were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in MNR. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Monmouth R.E. Inv. by 5.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,602 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 1,210 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Monmouth R.E. Inv. by 3.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 42,031 shares of the real estate investment trust’s stock valued at $521,000 after buying an additional 1,213 shares in the last quarter. Anchor Capital Advisors LLC raised its position in shares of Monmouth R.E. Inv. by 6.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 31,560 shares of the real estate investment trust’s stock valued at $391,000 after buying an additional 1,820 shares in the last quarter. Private Capital Group LLC raised its position in shares of Monmouth R.E. Inv. by 212.2% in 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 buying an additional 2,007 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Monmouth R.E. Inv. by 20.3% in the 4th quarter. SG Americas Securities LLC now owns 13,382 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 2,255 shares in the last quarter. 68.37% of the stock is owned by institutional investors.

Several equities analysts have recently commented on MNR shares. Zacks Investment Research cut shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Boenning Scattergood set a $19.00 target price on shares of Monmouth R.E. Inv. and gave the company a “buy” rating in a research report on Thursday, November 29th. ValuEngine cut shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research report on Friday, November 30th. Finally, TheStreet cut shares of Monmouth R.E. Inv. from a “b-” rating to a “c” rating in a research report on Friday, February 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Monmouth R.E. Inv. has a consensus rating of “Hold” and a consensus price target of $17.20.

Shares of Monmouth R.E. Inv. stock opened at $13.16 on Wednesday. The company has a market cap of $1.23 billion, a P/E ratio of 15.13, a P/E/G ratio of 2.02 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.46 and a current ratio of 7.46. Monmouth R.E. Inv. Corp. has a 1 year low of $11.88 and a 1 year high of $17.51.

Monmouth R.E. Inv. (NYSE:MNR) last announced its quarterly earnings results on Thursday, February 7th. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.59). The company had revenue of $39.15 million for the quarter, compared to the consensus estimate of $40.22 million. Monmouth R.E. Inv. had a net margin of 1.33% and a return on equity of 0.27%. Equities research analysts forecast that Monmouth R.E. Inv. Corp. will post 0.94 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 15th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.17%. The ex-dividend date was Thursday, February 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is presently 78.16%.

In related news, Chairman Eugene W. Landy sold 20,000 shares of Monmouth R.E. Inv. stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $13.34, for a total transaction of $266,800.00. Following the sale, the chairman now directly owns 918,733 shares of the company’s stock, valued at approximately $12,255,898.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael P. Landy purchased 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were bought at an average cost of $13.18 per share, for a total transaction of $27,678.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 22,403 shares of company stock worth $283,675 over the last ninety days. 4.63% of the stock is currently owned by insiders.

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Monmouth R.E. Inv. Profile

Monmouth Real Estate Investment Corp. engages in the ownership and management of real estate. It invests in single tenant, industrial buildings leased primarily to investment-grade tenants on long-term net leases. The company was founded by Eugene W. Landy in 1968 and is headquartered in Freehold, NJ.

Further Reading: Understanding Options Trading

Want to see what other hedge funds are holding MNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monmouth R.E. Inv. Corp. (NYSE:MNR).

Institutional Ownership by Quarter for Monmouth R.E. Inv. (NYSE:MNR)

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