WealthTrust Axiom LLC cut its stake in shares of Monmouth Real Estate Investment Corp. (NYSE:MNR) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 140,171 shares of the real estate investment trust’s stock after selling 2,569 shares during the period. WealthTrust Axiom LLC owned 0.21% of Monmouth Real Estate Investment Corp. worth $1,858,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC boosted its position in Monmouth Real Estate Investment Corp. by 111.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 304,595 shares of the real estate investment trust’s stock valued at $3,622,000 after buying an additional 160,440 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Monmouth Real Estate Investment Corp. by 43.1% in the first quarter. TIAA CREF Investment Management LLC now owns 274,176 shares of the real estate investment trust’s stock valued at $3,260,000 after buying an additional 82,540 shares in the last quarter. Boulegeris Investments Inc. boosted its position in Monmouth Real Estate Investment Corp. by 2.8% in the second quarter. Boulegeris Investments Inc. now owns 2,243,831 shares of the real estate investment trust’s stock valued at $29,753,000 after buying an additional 61,346 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Monmouth Real Estate Investment Corp. by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,243,643 shares of the real estate investment trust’s stock valued at $26,677,000 after buying an additional 59,591 shares in the last quarter. Finally, State Street Corp boosted its position in Monmouth Real Estate Investment Corp. by 5.4% in the first quarter. State Street Corp now owns 965,684 shares of the real estate investment trust’s stock valued at $11,481,000 after buying an additional 49,374 shares in the last quarter. Hedge funds and other institutional investors own 53.70% of the company’s stock.

Monmouth Real Estate Investment Corp. (NYSE:MNR) traded up 3.34% during trading on Thursday, reaching $14.53. 458,862 shares of the company’s stock were exchanged. Monmouth Real Estate Investment Corp. has a 52 week low of $9.37 and a 52 week high of $14.92. The firm has a market capitalization of $983.77 million, a price-to-earnings ratio of 38.75 and a beta of 0.48. The stock has a 50-day moving average price of $14.00 and a 200 day moving average price of $12.72.

Monmouth Real Estate Investment Corp. (NYSE:MNR) last released its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. Monmouth Real Estate Investment Corp. had a net margin of 30.94% and a return on equity of 7.24%. The company had revenue of $24.10 million for the quarter, compared to analysts’ expectations of $21.16 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts forecast that Monmouth Real Estate Investment Corp. will post $0.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Monday, August 15th were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.64 dividend on an annualized basis and a yield of 4.40%. Monmouth Real Estate Investment Corp.’s payout ratio is currently 168.43%.

Several equities analysts recently issued reports on MNR shares. Janney Montgomery Scott started coverage on shares of Monmouth Real Estate Investment Corp. in a research note on Tuesday, July 19th. They issued a “buy” rating and a $15.00 target price for the company. DA Davidson boosted their target price on shares of Monmouth Real Estate Investment Corp. from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 8th. National Securities boosted their target price on shares of Monmouth Real Estate Investment Corp. from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Zacks Investment Research cut shares of Monmouth Real Estate Investment Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, Wunderlich boosted their target price on shares of Monmouth Real Estate Investment Corp. from $13.00 to $15.50 and gave the company a “buy” rating in a research note on Friday, August 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.50.

In other Monmouth Real Estate Investment Corp. news, Director Steven B. Wolgin bought 8,500 shares of the stock in a transaction dated Tuesday, September 13th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $212,500.00. Following the completion of the transaction, the director now owns 8,500 shares in the company, valued at approximately $212,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.61% of the company’s stock.

About Monmouth Real Estate Investment Corp.

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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