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

MNR has been the subject of several research reports. TheStreet upgraded shares of Monmouth Real Estate Investment Corp. from a “hold” rating to a “buy” rating in a report on Friday, March 18th. Zacks Investment Research lowered shares of Monmouth Real Estate Investment Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. Wunderlich upped their price objective on shares of Monmouth Real Estate Investment Corp. from $11.50 to $13.00 and gave the stock a “buy” rating in a report on Friday, May 6th. Finally, BMO Capital Markets restated a “buy” rating on shares of Monmouth Real Estate Investment Corp. in a report on Thursday, May 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.63.

The firm has a market capitalization of $891.70 million and a P/E ratio of 40.18. The stock has a 50-day moving average of $12.75 and a 200 day moving average of $11.52.

Monmouth Real Estate Investment Corp. (NYSE:MNR) last released its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.11. The firm earned $23 million during the quarter, compared to the consensus estimate of $19.79 million. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. Equities research analysts anticipate that Monmouth Real Estate Investment Corp. will post $0.32 earnings per share for the current year.

In other news, insider Umh Properties, Inc. acquired 12,664 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was purchased at an average cost of $12.16 per share, for a total transaction of $153,994.24. Following the completion of the acquisition, the insider now directly owns 2,184,857 shares of the company’s stock, valued at approximately $26,567,861.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

A number of institutional investors have recently made changes to their positions in the company. Strs Ohio increased its position 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 worth $1,180,000 after buying an additional 2,162 shares in the last quarter. Neuberger Berman Group LLC increased its position 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 worth $3,796,000 after buying an additional 6,530 shares in the last quarter. California State Teachers Retirement System increased its position in shares of 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 worth $1,223,000 after buying an additional 9,089 shares in the last quarter. Boston Partners increased its position 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 worth $2,619,000 after buying an additional 7,715 shares in the last quarter. Finally, Moors & Cabot Inc. increased its position 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 worth $1,078,000 after buying an additional 1,037 shares in 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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