Monmouth Real Estate Investment Corp. (NYSE:MNR) reached a new 52-week high on Monday . The company traded as high as $13.97 and last traded at $13.78, with a volume of 53,409 shares traded. The stock had previously closed at $13.86.

A number of research analysts recently commented on the company. Zacks Investment Research raised Monmouth Real Estate Investment Corp. from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, May 11th. Wunderlich boosted 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 note on Friday, May 6th. Janney Montgomery Scott assumed coverage on Monmouth Real Estate Investment Corp. in a research note on Tuesday, July 19th. They issued a “buy” rating and a $15.00 price target for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Monmouth Real Estate Investment Corp. in a research note on Thursday, May 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Monmouth Real Estate Investment Corp. currently has an average rating of “Buy” and a consensus target price of $13.10.

The firm has a market cap of $911.52 million and a PE ratio of 41.07. The stock’s 50-day moving average price is $13.12 and its 200-day moving average price is $11.68.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.11. The company had revenue of $23 million for the quarter, compared to the consensus estimate of $19.79 million. The business’s revenue for the quarter 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 EPS for the current year.

In related news, insider Umh Properties, Inc. purchased 12,664 shares of Monmouth Real Estate Investment Corp. stock in a transaction that occurred on Wednesday, June 15th. The shares were acquired at an average cost of $12.16 per share, for a total transaction of $153,994.24. Following the transaction, the insider now directly owns 2,184,857 shares in the company, valued at $26,567,861.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Other large investors have modified their holdings of the company. California State Teachers Retirement System raised its stake 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 raised 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 worth $2,619,000 after buying an additional 7,715 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 worth $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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