Monmouth Real Estate Investment Corp. (NYSE:MNR) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. Monmouth Real Estate Investment Corp. had a net margin of 30.94% and a return on equity of 7.24%. The business earned $25.50 million during the quarter, compared to analysts’ expectations of $10.15 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue was up 23.8% on a year-over-year basis.

Shares of Monmouth Real Estate Investment Corp. (NYSE:MNR) opened at 14.59 on Wednesday. The company has a market capitalization of $987.83 million, a price-to-earnings ratio of 38.91 and a beta of 0.51. Monmouth Real Estate Investment Corp. has a one year low of $9.50 and a one year high of $14.92. The company’s 50 day moving average is $13.51 and its 200 day moving average is $13.41.

Earnings History for Monmouth Real Estate Investment Corp. (NYSE:MNR)

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Thursday, November 10th. Monmouth Real Estate Investment Corp.’s dividend payout ratio (DPR) is presently 168.43%.

MNR has been the subject of several analyst reports. Wunderlich lifted their price objective on shares of Monmouth Real Estate Investment Corp. from $13.00 to $15.50 and gave the stock a “buy” rating in a research note on Friday, August 5th. DA Davidson lifted their price objective on shares of Monmouth Real Estate Investment Corp. from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Zacks Investment Research upgraded shares of Monmouth Real Estate Investment Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, August 10th. Finally, National Securities raised 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 report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Monmouth Real Estate Investment Corp. has a consensus rating of “Buy” and a consensus price target of $15.50.

In related news, Director Steven B. Wolgin acquired 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $212,500.00. Following the completion of the acquisition, the director now owns 8,500 shares of the company’s stock, valued at approximately $212,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.61% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MNR. CT Mason increased its stake in Monmouth Real Estate Investment Corp. by 1.0% in the second quarter. CT Mason now owns 28,446 shares of the real estate investment trust’s stock worth $377,000 after buying an additional 276 shares during the period. Creative Planning increased its stake in Monmouth Real Estate Investment Corp. by 31.1% in the second quarter. Creative Planning now owns 24,439 shares of the real estate investment trust’s stock worth $324,000 after buying an additional 5,800 shares during the period. North Star Investment Management Corp. increased its stake in Monmouth Real Estate Investment Corp. by 2.5% in the second quarter. North Star Investment Management Corp. now owns 240,212 shares of the real estate investment trust’s stock worth $3,185,000 after buying an additional 5,784 shares during the period. Boulegeris Investments Inc. increased its stake 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 worth $29,753,000 after buying an additional 61,346 shares during the period. Finally, Ronna Sue Cohen increased its stake in Monmouth Real Estate Investment Corp. by 0.6% in the second quarter. Ronna Sue Cohen now owns 197,493 shares of the real estate investment trust’s stock worth $2,619,000 after buying an additional 1,162 shares during the period. Institutional investors and hedge funds own 59.19% of the company’s stock.

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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.

5 Day Chart for NYSE:MNR

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