Monmouth Real Estate Investment Corp. (NYSE:MNR) shares reached a new 52-week high during trading on Friday . The company traded as high as $14.70 and last traded at $14.45, with a volume of 347,433 shares. The stock had previously closed at $14.08.

A number of research analysts recently commented on the company. Zacks Investment Research cut Monmouth Real Estate Investment Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. National Securities boosted their price target on 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 price target on 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 price target on 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 Monmouth Real Estate Investment Corp. in a report on Tuesday, July 19th. They issued a “buy” rating and a $15.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Monmouth Real Estate Investment Corp. has an average rating of “Buy” and an average target price of $15.50.

The stock has a market cap of $981.74 million and a price-to-earnings ratio of 38.67. The stock has a 50 day moving average of $13.80 and a 200 day moving average of $12.40.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Monday, August 15th will be paid a $0.16 dividend. The ex-dividend date is Thursday, August 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.41%.

In other news, insider Umh Properties, Inc. acquired 12,664 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was acquired at an average cost of $12.16 per share, with a total value of $153,994.24. Following the completion of the purchase, the insider now owns 2,184,857 shares of the company’s stock, valued at approximately $26,567,861.12. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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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