Shares of Monmouth Real Estate Investment Corp. (NYSE:MNR) saw strong trading volume on Wednesday . 285,987 shares changed hands during mid-day 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.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Monmouth Real Estate Investment Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Janney Montgomery Scott assumed coverage on shares of Monmouth Real Estate Investment Corp. in a research note on Tuesday. They issued a “buy” rating and a $15.00 target price for the company. 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 target price on shares of 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.10.

The firm has a market capitalization of $918.78 million and a PE ratio of 41.40. The stock has a 50-day moving average of $13.06 and a 200-day moving average of $11.65.

Monmouth Real Estate Investment Corp. (NYSE:MNR) last issued its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.11. The business earned $23 million during the quarter, compared to analyst estimates of $19.79 million. The company’s quarterly revenue was up 21.7% on a year-over-year basis. On average, equities research analysts expect that Monmouth Real Estate Investment Corp. will post $0.31 EPS for the current fiscal year.

In other Monmouth Real Estate Investment Corp. news, insider Umh Properties, Inc. purchased 12,664 shares of the stock in a transaction on Wednesday, June 15th. The shares were purchased at an average cost of $12.16 per share, for a total transaction of $153,994.24. Following the purchase, 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 legal filing with the SEC, which can be accessed through this hyperlink.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Boston Partners raised its position 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. California State Teachers Retirement System raised 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 in the last quarter. Dimensional Fund Advisors LP raised its position 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. Moors & Cabot Inc. raised its position 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. Finally, Neuberger Berman Group LLC raised its position 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.

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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