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

A number of equities analysts recently commented on the company. Janney Montgomery Scott initiated 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 objective on the stock. Zacks Investment Research downgraded Monmouth Real Estate Investment Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. BMO Capital Markets reiterated a “buy” rating on shares of Monmouth Real Estate Investment Corp. in a report on Thursday, May 26th. Finally, Wunderlich lifted their target price on 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $13.10.

The stock has a market capitalization of $906.23 million and a PE ratio of 40.83. The company’s 50 day moving average is $13.21 and its 200-day moving average is $11.74.

Monmouth Real Estate Investment Corp. (NYSE:MNR) last announced its quarterly earnings data 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 firm had revenue of $23 million for the quarter, compared to the consensus estimate of $19.79 million. The company’s revenue was up 21.7% on a year-over-year basis. Analysts expect that Monmouth Real Estate Investment Corp. will post $0.31 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Monday, August 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Thursday, August 11th.

In related news, insider Umh Properties, Inc. bought 12,664 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The stock was 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 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 available through this hyperlink.

A number of large investors recently modified their holdings of the stock. Boston Partners boosted 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 valued at $2,619,000 after buying an additional 7,715 shares in the last quarter. California State Teachers Retirement System boosted 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 valued at $1,223,000 after buying an additional 9,089 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 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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