Honkamp Krueger Financial Services Inc. boosted its position in Monmouth Real Estate Investment Corporation (NYSE:MNR) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,035 shares of the real estate investment trust’s stock after buying an additional 305 shares during the period. Honkamp Krueger Financial Services Inc. owned 0.07% of Monmouth Real Estate Investment Corporation worth $738,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in MNR. Envestnet Asset Management Inc. bought a new stake in shares of Monmouth Real Estate Investment Corporation during the fourth quarter worth approximately $108,000. SG Americas Securities LLC bought a new stake in shares of Monmouth Real Estate Investment Corporation during the first quarter worth approximately $125,000. BTC Capital Management Inc. bought a new stake in shares of Monmouth Real Estate Investment Corporation during the first quarter worth approximately $160,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Monmouth Real Estate Investment Corporation by 15.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,715 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,600 shares during the last quarter. Finally, Financial Counselors Inc. purchased a new position in Monmouth Real Estate Investment Corporation during the first quarter valued at $171,000. Institutional investors and hedge funds own 59.80% of the company’s stock.

Monmouth Real Estate Investment Corporation (MNR) traded down 1.14% during mid-day trading on Friday, hitting $14.80. 335,065 shares of the stock were exchanged. The company has a market capitalization of $1.10 billion, a PE ratio of 49.83 and a beta of 0.51. Monmouth Real Estate Investment Corporation has a 1-year low of $12.89 and a 1-year high of $15.67. The stock has a 50 day moving average price of $15.26 and a 200 day moving average price of $14.76.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last issued its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $28.61 million for the quarter, compared to analyst estimates of $28.81 million. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. Monmouth Real Estate Investment Corporation’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, equities analysts anticipate that Monmouth Real Estate Investment Corporation will post $0.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Friday, August 11th. Monmouth Real Estate Investment Corporation’s payout ratio is currently 213.33%.

ILLEGAL ACTIVITY WARNING: “Monmouth Real Estate Investment Corporation (MNR) Shares Bought by Honkamp Krueger Financial Services Inc.” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://theolympiareport.com/2017/08/12/monmouth-real-estate-investment-corporation-mnr-shares-bought-by-honkamp-krueger-financial-services-inc-updated.html.

Several research analysts recently weighed in on the stock. FBR & Co reissued an “outperform” rating and set a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Monmouth Real Estate Investment Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. National Securities reissued a “buy” rating and set a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a research note on Thursday, May 4th. BidaskClub downgraded shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, DA Davidson upgraded shares of Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, May 18th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $16.00.

About Monmouth Real Estate Investment Corporation

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.

Institutional Ownership by Quarter for Monmouth Real Estate Investment Corporation (NYSE:MNR)

Receive News & Ratings for Monmouth Real Estate Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monmouth Real Estate Investment Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.