Shares of Monmouth Real Estate Investment Corp. (NYSE:MNR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.60 and last traded at $13.58, with a volume of 277,057 shares traded. The stock had previously closed at $13.49.

MNR has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Monmouth Real Estate Investment Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. Wunderlich raised their target price on shares of Monmouth Real Estate Investment Corp. from $11.50 to $13.00 and gave the stock a “buy” rating in a research report on Friday, May 6th. BMO Capital Markets reiterated a “buy” rating on shares of Monmouth Real Estate Investment Corp. in a report on Thursday, May 26th. Finally, Janney Montgomery Scott started coverage on shares of Monmouth Real Estate Investment Corp. in a report on Tuesday. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $12.63.

The company has a market cap of $897.65 million and a P/E ratio of 40.45. The firm’s 50-day moving average price is $12.94 and its 200 day moving average price is $11.61.

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

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

A number of hedge funds have added to or reduced their stakes in the stock. Moors & Cabot Inc. raised 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. California State Teachers Retirement System raised its stake 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 in the last quarter. Boston Partners raised its stake in 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 in the last quarter. Neuberger Berman Group LLC raised its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Monmouth Real Estate Investment Corp. by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 699,927 shares of the real estate investment trust’s stock valued at $7,321,000 after buying an additional 62,041 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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