Monmouth Real Estate Investment Corporation (NYSE:MNR) Director Neal Herstik purchased 800 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was bought at an average cost of $25.20 per share, for a total transaction of $20,160.00. Following the completion of the purchase, the director now directly owns 15,604 shares in the company, valued at $393,220.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Monmouth Real Estate Investment Corporation (NYSE MNR) traded up 1.21% during trading on Friday, reaching $15.83. The company’s stock had a trading volume of 422,937 shares. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 53.30 and a beta of 0.51. The company has a 50 day moving average of $15.33 and a 200-day moving average of $14.81. Monmouth Real Estate Investment Corporation has a 12-month low of $12.89 and a 12-month high of $15.89.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating 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%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. Analysts forecast that Monmouth Real Estate Investment Corporation will post $0.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders 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 4.04%. The ex-dividend date of this dividend is Friday, August 11th. Monmouth Real Estate Investment Corporation’s payout ratio is 213.33%.

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MNR has been the topic of a number of analyst reports. Zacks Investment Research cut Monmouth Real Estate Investment Corporation from a “strong-buy” rating to a “sell” rating in a research note on Thursday, May 11th. DA Davidson raised Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, May 18th. National Securities reaffirmed a “buy” rating and issued a $16.50 price target on shares of Monmouth Real Estate Investment Corporation in a research note on Thursday, May 4th. FBR & Co reaffirmed an “outperform” rating and issued a $16.50 price target on shares of Monmouth Real Estate Investment Corporation in a research note on Tuesday, July 11th. Finally, BidaskClub raised Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.50.

A number of hedge funds have recently made changes to their positions in the stock. Anchor Capital Advisors LLC raised its stake in shares of Monmouth Real Estate Investment Corporation by 0.8% in the second quarter. Anchor Capital Advisors LLC now owns 22,800 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 190 shares during the last quarter. Honkamp Krueger Financial Services Inc. raised its stake in shares of Monmouth Real Estate Investment Corporation by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 49,035 shares of the real estate investment trust’s stock worth $738,000 after buying an additional 305 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Monmouth Real Estate Investment Corporation by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 77,615 shares of the real estate investment trust’s stock worth $1,168,000 after buying an additional 362 shares during the last quarter. Saratoga Research & Investment Management raised its stake in shares of Monmouth Real Estate Investment Corporation by 1.6% in the second quarter. Saratoga Research & Investment Management now owns 29,120 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 465 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Monmouth Real Estate Investment Corporation by 0.3% in the first quarter. California Public Employees Retirement System now owns 148,100 shares of the real estate investment trust’s stock worth $2,113,000 after buying an additional 500 shares during the last quarter. 58.35% of the stock is currently owned by institutional investors.

Monmouth Real Estate Investment Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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