Monmouth Real Estate Investment Corp. (NYSE:MNR) saw unusually-high trading volume on Wednesday . Approximately 285,987 shares traded hands during trading, a decline of 4% from the previous session’s volume of 297,314 shares.The stock last traded at $13.63 and had previously closed at $13.62.

MNR has been the topic of several research reports. BMO Capital Markets restated a “buy” rating on shares of Monmouth Real Estate Investment Corp. in a research report on Thursday, May 26th. Zacks Investment Research upgraded shares of Monmouth Real Estate Investment Corp. from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, May 11th. Wunderlich raised their price objective on shares of 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. Finally, Janney Montgomery Scott initiated coverage on shares of Monmouth Real Estate Investment Corp. in a research report on Tuesday. They set a “buy” rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.10.

The company has a 50-day moving average price of $13.01 and a 200 day moving average price of $11.64. The firm has a market cap of $905.57 million and a P/E ratio of 40.80.

Monmouth Real Estate Investment Corp. (NYSE:MNR) last posted its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.11. The company earned $23 million during the quarter, compared to analysts’ expectations of $19.79 million. The firm’s revenue was up 21.7% on a year-over-year basis. On average, equities analysts forecast that Monmouth Real Estate Investment Corp. will post $0.31 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 company’s stock in a transaction on Wednesday, June 15th. The shares were bought at an average cost of $12.16 per share, for a total transaction of $153,994.24. Following the acquisition, the insider now directly owns 2,184,857 shares in the company, valued at $26,567,861.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Other hedge funds and institutional investors have modified their holdings of the company. Moors & Cabot Inc. boosted 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 valued at $1,078,000 after buying an additional 1,037 shares during the last quarter. California State Teachers Retirement System boosted 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 valued at $1,223,000 after buying an additional 9,089 shares during the last quarter. Boston Partners boosted 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 valued at $2,619,000 after buying an additional 7,715 shares during the last quarter. Neuberger Berman Group LLC boosted 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 valued at $3,796,000 after buying an additional 6,530 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 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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