Gamco Investors INC. ET AL Has $1.59 Million Holdings in Monmouth R.E. Inv. Corp. (NYSE:MNR)

Gamco Investors INC. ET AL increased its stake in Monmouth R.E. Inv. Corp. (NYSE:MNR) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,500 shares of the real estate investment trust’s stock after purchasing an additional 3,500 shares during the period. Gamco Investors INC. ET AL owned approximately 0.12% of Monmouth R.E. Inv. worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MNR. Optimum Investment Advisors acquired a new position in Monmouth R.E. Inv. in the 3rd quarter worth $43,000. Point72 Hong Kong Ltd acquired a new position in Monmouth R.E. Inv. in the 2nd quarter worth $51,000. Kavar Capital Partners LLC acquired a new position in Monmouth R.E. Inv. in the 2nd quarter worth $56,000. WealthStone Inc. acquired a new position in Monmouth R.E. Inv. in the 2nd quarter worth $58,000. Finally, Advisor Group Inc. lifted its position in Monmouth R.E. Inv. by 45.7% during the 2nd quarter. Advisor Group Inc. now owns 4,887 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 1,533 shares in the last quarter. 68.78% of the stock is owned by hedge funds and other institutional investors.

NYSE:MNR traded down $0.03 on Friday, hitting $14.72. 214,746 shares of the company’s stock were exchanged, compared to its average volume of 434,554. The firm has a 50-day moving average price of $14.58 and a 200-day moving average price of $13.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 6.64 and a quick ratio of 6.64. Monmouth R.E. Inv. Corp. has a 52 week low of $11.88 and a 52 week high of $15.23. The company has a market cap of $1.42 billion, a P/E ratio of 16.92 and a beta of 0.62.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.68 annualized dividend and a yield of 4.62%. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is presently 78.16%.

Several brokerages have commented on MNR. Compass Point began coverage on shares of Monmouth R.E. Inv. in a research report on Friday, September 6th. They set a “buy” rating and a $16.50 price target on the stock. BMO Capital Markets set a $15.00 price target on shares of Monmouth R.E. Inv. and gave the stock a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research raised shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, B. Riley reissued a “buy” rating on shares of Monmouth R.E. Inv. in a research report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.40.

In other news, insider Umh Properties, Inc. bought 17,810 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were bought at an average cost of $13.70 per share, with a total value of $243,997.00. Also, Chairman Eugene W. Landy sold 8,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $13.02, for a total transaction of $104,160.00. Following the completion of the sale, the chairman now directly owns 895,219 shares in the company, valued at $11,655,751.38. The disclosure for this sale can be found here. Insiders have acquired a total of 24,880 shares of company stock worth $338,088 over the last three months. Insiders own 4.02% 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 21.8 million rentable square feet, geographically diversified across 30 states.

Further Reading: Understanding the two types of arbitrage

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)

Receive News & Ratings for Monmouth R.E. Inv. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monmouth R.E. Inv. and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


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