Monmouth Real Estate Investment Corp. (NYSE:MNR) hit a new 52-week high on Tuesday . The company traded as high as $13.44 and last traded at $13.32, with a volume of 119,352 shares trading hands. The stock had previously closed at $13.24.

A number of equities research analysts have commented on the company. Zacks Investment Research cut Monmouth Real Estate Investment Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. TheStreet upgraded Monmouth Real Estate Investment Corp. from a “hold” rating to a “buy” rating in a research note on Friday, March 18th. BMO Capital Markets reiterated a “buy” rating on shares of Monmouth Real Estate Investment Corp. in a research note on Thursday, May 26th. Finally, Wunderlich increased their price target on Monmouth Real Estate Investment Corp. from $11.50 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 6th. Five equities research analysts have rated the stock with a buy rating, Monmouth Real Estate Investment Corp. has a consensus rating of “Buy” and an average target price of $12.63.

The stock has a 50-day moving average of $12.53 and a 200 day moving average of $11.44. The stock has a market capitalization of $889.06 million and a PE ratio of 40.06.

Monmouth Real Estate Investment Corp. (NYSE:MNR) last posted its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.11. The firm earned $23 million during the quarter, compared to analysts’ expectations of $19.79 million. The company’s revenue was up 21.7% on a year-over-year basis. On average, equities analysts anticipate that Monmouth Real Estate Investment Corp. will post $0.32 EPS for the current year.

In other news, insider Umh Properties, Inc. acquired 12,664 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were purchased at an average price of $12.16 per share, for a total transaction of $153,994.24. Following the acquisition, the insider now owns 2,184,857 shares of the company’s stock, valued at $26,567,861.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Other large investors have recently bought and sold shares of the company. Moors & Cabot Inc. increased its stake in Monmouth Real Estate Investment Corp. by 1.0% in the fourth quarter. Moors & Cabot Inc. now owns 103,963 shares of the real estate investment trust’s stock valued at $1,078,000 after buying an additional 1,037 shares in the last quarter. Principal Financial Group Inc. boosted its position in Monmouth Real Estate Investment Corp. by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 109,468 shares of the real estate investment trust’s stock valued at $1,145,000 after buying an additional 4,438 shares during the last quarter. Strs Ohio boosted its position in Monmouth Real Estate Investment Corp. by 2.0% in the fourth quarter. Strs Ohio now owns 112,872 shares of the real estate investment trust’s stock valued at $1,180,000 after buying an additional 2,162 shares during the last quarter. California State Teachers Retirement System boosted its position in Monmouth Real Estate Investment Corp. by 8.4% in the fourth quarter. California State Teachers Retirement System now owns 116,889 shares of the real estate investment trust’s stock valued at $1,223,000 after buying an additional 9,089 shares during the last quarter. Finally, DIAM Co. Ltd. boosted its position in Monmouth Real Estate Investment Corp. by 0.9% in the fourth quarter. DIAM Co. Ltd. now owns 144,383 shares of the real estate investment trust’s stock valued at $1,543,000 after buying an additional 1,220 shares during the last quarter.

Monmouth Real Estate Investment Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in ownership of real estate. Its investment focus is to own industrial buildings, leased primarily to investment-grade tenants on long-term net-leases. In addition, the Company owns a portfolio of REIT investment securities.

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