Shares of Monmouth Real Estate Investment Corp. (NYSE:MNR) saw strong trading volume on Friday . 241,511 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 266,804 shares.The stock last traded at $13.77 and had previously closed at $13.70.

A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Monmouth Real Estate Investment Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. National Securities boosted their target price on shares of Monmouth Real Estate Investment Corp. from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. DA Davidson boosted their target price on shares of Monmouth Real Estate Investment Corp. from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Wunderlich boosted their target price on shares of Monmouth Real Estate Investment Corp. from $13.00 to $15.50 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Janney Montgomery Scott assumed coverage on shares of Monmouth Real Estate Investment Corp. in a report on Tuesday, July 19th. They issued a “buy” rating and a $15.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $14.83.

The stock has a market cap of $935.02 million and a price-to-earnings ratio of 36.83. The stock’s 50 day moving average price is $13.64 and its 200-day moving average price is $12.17.

Monmouth Real Estate Investment Corp. (NYSE:MNR) last posted its earnings results on Thursday, August 4th. The real estate investment trust reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.10. The firm earned $24.10 million during the quarter, compared to the consensus estimate of $21.16 million. During the same period in the previous year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities research analysts forecast that Monmouth Real Estate Investment Corp. will post $0.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Monday, August 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Thursday, August 11th.

In related news, insider Umh Properties, Inc. acquired 12,664 shares of the firm’s stock in a transaction on Wednesday, June 15th. The shares were purchased at an average price of $12.16 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.