Monmouth Real Estate Investment Corp. (NYSE:MNR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.57 and last traded at $13.56, with a volume of 103,695 shares trading hands. The stock had previously closed at $13.50.

MNR has been the topic of several research analyst reports. Zacks Investment Research downgraded Monmouth Real Estate Investment Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. TheStreet raised Monmouth Real Estate Investment Corp. from a “hold” rating to a “buy” rating in a research report on Friday, March 18th. BMO Capital Markets reaffirmed a “buy” rating on shares of Monmouth Real Estate Investment Corp. in a research report on Thursday, May 26th. Finally, Wunderlich raised 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 report on Friday, May 6th. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $12.63.

The stock has a market cap of $897.65 million and a price-to-earnings ratio of 40.45. The firm has a 50 day moving average price of $12.64 and a 200-day moving average price of $11.47.

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

In other Monmouth Real Estate Investment Corp. news, insider Umh Properties, Inc. purchased 12,664 shares of the business’s stock in a transaction on Wednesday, June 15th. The shares were purchased at an average cost of $12.16 per share, with a total value of $153,994.24. Following the transaction, the insider now directly owns 2,184,857 shares of the company’s stock, valued at approximately $26,567,861.12. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

A number of large investors have modified their holdings of the company. Moors & Cabot Inc. boosted its stake in shares of 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 during the period. Strs Ohio boosted its stake in shares of 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 period. Principal Financial Group Inc. boosted its stake in shares of 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 period. Neuberger Berman Group LLC boosted its stake in shares of Monmouth Real Estate Investment Corp. by 1.8% in the fourth quarter. Neuberger Berman Group LLC now owns 362,942 shares of the real estate investment trust’s stock valued at $3,796,000 after buying an additional 6,530 shares during the period. Finally, Boston Partners boosted its stake in shares of Monmouth Real Estate Investment Corp. by 3.2% in the fourth quarter. Boston Partners now owns 250,430 shares of the real estate investment trust’s stock valued at $2,619,000 after buying an additional 7,715 shares during the period.

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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