Zacks Investment Research downgraded shares of Monmouth R.E. Inv. (NYSE:MNR) from a hold rating to a sell rating in a research report released on Saturday morning.

According to Zacks, “MONMOUTH REAL ESTATE INVT operates as a qualified hybrid real estate investment trust under the Internal Revenue Code of 1954. “

A number of other research analysts have also recently commented on the company. B. Riley cut Monmouth R.E. Inv. from a buy rating to a neutral rating and lowered their target price for the company from $18.50 to $16.50 in a research note on Friday. BMO Capital Markets restated a hold rating and issued a $18.00 target price on shares of Monmouth R.E. Inv. in a research note on Tuesday, January 9th. Finally, National Securities raised their target price on Monmouth R.E. Inv. from $18.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $17.50.

Monmouth R.E. Inv. (NYSE:MNR) opened at $14.47 on Friday. The company has a market capitalization of $1,080.00, a P/E ratio of 43.85, a PEG ratio of 2.36 and a beta of 0.43. The company has a debt-to-equity ratio of 1.50, a current ratio of 6.85 and a quick ratio of 6.85. Monmouth R.E. Inv. has a one year low of $13.68 and a one year high of $18.45.

Monmouth R.E. Inv. (NYSE:MNR) last released its earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.12). The firm had revenue of $30.40 million during the quarter, compared to analysts’ expectations of $30.91 million. Monmouth R.E. Inv. had a net margin of 36.04% and a return on equity of 9.08%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 EPS. analysts expect that Monmouth R.E. Inv. will post 0.89 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Wednesday, February 14th. Monmouth R.E. Inv.’s payout ratio is presently 206.06%.

In related news, insider Umh Properties, Inc. acquired 9,053 shares of the stock in a transaction on Friday, December 15th. The stock was acquired at an average price of $17.01 per share, for a total transaction of $153,991.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael P. Landy acquired 1,400 shares of the stock in a transaction on Tuesday, December 19th. The shares were bought at an average price of $18.05 per share, with a total value of $25,270.00. Following the purchase, the insider now directly owns 370,977 shares of the company’s stock, valued at approximately $6,696,134.85. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 10,573 shares of company stock valued at $181,266. 5.31% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in MNR. Wasatch Advisors Inc. raised its stake in Monmouth R.E. Inv. by 194.4% during the fourth quarter. Wasatch Advisors Inc. now owns 3,578,516 shares of the real estate investment trust’s stock valued at $63,698,000 after buying an additional 2,362,933 shares during the last quarter. Emerald Advisers Inc. PA purchased a new position in Monmouth R.E. Inv. during the third quarter valued at $11,426,000. Emerald Mutual Fund Advisers Trust purchased a new position in Monmouth R.E. Inv. during the third quarter valued at $8,474,000. BlackRock Inc. raised its stake in Monmouth R.E. Inv. by 6.6% during the fourth quarter. BlackRock Inc. now owns 6,702,654 shares of the real estate investment trust’s stock valued at $119,308,000 after buying an additional 412,946 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Monmouth R.E. Inv. by 3.8% during the second quarter. Vanguard Group Inc. now owns 7,955,098 shares of the real estate investment trust’s stock valued at $119,724,000 after buying an additional 287,857 shares during the last quarter. Institutional investors and hedge funds own 66.01% of the company’s stock.

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Monmouth R.E. Inv. 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.

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