The Insider Buying: Monmouth R.E. Inv. Corp. (MNR) Director Buys 4,640 Shares of Stock

The Insider Buying: Monmouth R.E. Inv. Corp. (MNR) Director Buys 4,640 Shares of Stock

Steven B. Wolgin also recently made the following trade(s):

Monmouth R.E. Inv. Corp. (NYSE:MNR) Director Steven B. Wolgin acquired 4,640 shares of the stock in a transaction dated Monday, April 17th. The shares were bought at an average cost of $14.01 per share, with a total value of $65,006.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) opened at 14.37 on Tuesday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 45.47 and a beta of 0.54. Monmouth R.E. Inv. Corp. has a 52 week low of $11.41 and a 52 week high of $15.45. The stock has a 50 day moving average of $14.54 and a 200-day moving average of $14.34. Monmouth R.E. Inv. Corp. (NYSE:MNR) last posted its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $27.18 million for the quarter, compared to analyst estimates of $23.17 million. Monmouth R.E. Inv. Corp. had a net margin of 33.44% and a return on equity of 7.87%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period last year, the business posted $0.17 EPS. Equities research analysts expect that Monmouth R.E. Inv. Corp. will post $0.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Monday, May 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Thursday, May 11th. Monmouth R.E. Inv. Corp.’s payout ratio is 193.95%.

A number of brokerages recently weighed in on MNR. National Securities reaffirmed a “buy” rating and set a $16.50 price target on shares of Monmouth R.E. Inv. Corp. in a research report on Thursday, May 4th. Zacks Investment Research raised shares of Monmouth R.E. Inv. Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, April 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.67.

Several institutional investors have recently added to or reduced their stakes in MNR. State of New Jersey Common Pension Fund D increased its position in Monmouth R.E. Inv. Corp. by 75.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 70,000 shares of the real estate investment trust’s stock worth $999,000 after buying an additional 30,000 shares during the last quarter. Albert D Mason Inc. increased its position in Monmouth R.E. Inv. Corp. by 70.5% in the third quarter. Albert D Mason Inc. now owns 428,434 shares of the real estate investment trust’s stock worth $6,114,000 after buying an additional 177,187 shares during the last quarter. Boulegeris Investments Inc. increased its position in Monmouth R.E. Inv. Corp. by 3.1% in the third quarter. Boulegeris Investments Inc. now owns 2,313,690 shares of the real estate investment trust’s stock worth $33,021,000 after buying an additional 69,859 shares during the last quarter. Denali Advisors LLC increased its position in Monmouth R.E. Inv. Corp. by 35.3% in the third quarter. Denali Advisors LLC now owns 81,975 shares of the real estate investment trust’s stock worth $1,170,000 after buying an additional 21,400 shares during the last quarter. Finally, Strs Ohio increased its position in Monmouth R.E. Inv. Corp. by 0.5% in the third quarter. Strs Ohio now owns 116,278 shares of the real estate investment trust’s stock worth $1,659,000 after buying an additional 584 shares during the last quarter. 56.86% of the stock is owned by institutional investors. About Monmouth R.E. Inv. Corp.

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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