Analysts predict that Monmouth Real Estate Investment Corporation (NYSE:MNR) will post $0.21 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Monmouth Real Estate Investment Corporation’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.22. Monmouth Real Estate Investment Corporation posted earnings per share of $0.07 during the same quarter last year, which indicates a positive year-over-year growth rate of 200%. The firm is expected to announce its next earnings results after the market closes on Wednesday, November 29th.

According to Zacks, analysts expect that Monmouth Real Estate Investment Corporation will report full year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.79. For the next fiscal year, analysts expect that the firm will report earnings of $0.92 per share, with EPS estimates ranging from $0.88 to $0.97. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Monmouth Real Estate Investment Corporation.

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 the Zacks’ consensus estimate of $0.17 by $0.04. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The business had revenue of $28.61 million for the quarter, compared to analyst estimates of $28.81 million. During the same quarter last year, the firm earned $0.19 EPS. Monmouth Real Estate Investment Corporation’s revenue for the quarter was up 18.7% compared to the same quarter last year.

MNR has been the topic of a number of recent research reports. Zacks Investment Research raised Monmouth Real Estate Investment Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. FBR & Co restated 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. BidaskClub downgraded Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. National Securities restated a “buy” rating and issued a $18.00 price target (up from $16.50) on shares of Monmouth Real Estate Investment Corporation in a research note on Monday, August 21st. Finally, BMO Capital Markets started coverage on Monmouth Real Estate Investment Corporation in a research note on Monday, September 11th. They issued a “market perform” rating and a $16.50 price target for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Monmouth Real Estate Investment Corporation presently has an average rating of “Buy” and an average price target of $17.00.

In other Monmouth Real Estate Investment Corporation news, Chairman Eugene W. Landy sold 32,500 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $16.27, for a total value of $528,775.00. Following the completion of the transaction, the chairman now directly owns 880,705 shares in the company, valued at $14,329,070.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders acquired 1,602 shares of company stock valued at $32,174. Corporate insiders own 5.31% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in shares of Monmouth Real Estate Investment Corporation by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,571 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 559 shares during the period. SG Americas Securities LLC bought a new position in shares of Monmouth Real Estate Investment Corporation during the 1st quarter worth approximately $125,000. QS Investors LLC boosted its stake in shares of Monmouth Real Estate Investment Corporation by 6.8% during the 2nd quarter. QS Investors LLC now owns 11,357 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 720 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Monmouth Real Estate Investment Corporation during the 2nd quarter worth approximately $173,000. Finally, Pekin Singer Strauss Asset Management IL boosted its stake in shares of Monmouth Real Estate Investment Corporation by 5.4% during the 2nd quarter. Pekin Singer Strauss Asset Management IL now owns 11,650 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 595 shares during the period. Hedge funds and other institutional investors own 62.12% of the company’s stock.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) traded up $0.08 during trading on Monday, reaching $17.30. The company had a trading volume of 202,304 shares, compared to its average volume of 295,149. Monmouth Real Estate Investment Corporation has a 1-year low of $12.91 and a 1-year high of $17.40. The firm has a market cap of $1,249.51, a price-to-earnings ratio of 23.27, a PEG ratio of 2.66 and a beta of 0.51. The company has a debt-to-equity ratio of 1.51, a quick ratio of 7.24 and a current ratio of 7.24.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.93%. This is an increase from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, November 14th. Monmouth Real Estate Investment Corporation’s dividend payout ratio (DPR) is currently 213.33%.

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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.

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Earnings History and Estimates for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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