Equities research analysts expect Monmouth Real Estate Investment Corporation (NYSE:MNR) to report sales of $30.01 million for the current quarter, according to Zacks. Two analysts have provided estimates for Monmouth Real Estate Investment Corporation’s earnings, with the lowest sales estimate coming in at $29.29 million and the highest estimate coming in at $30.73 million. Monmouth Real Estate Investment Corporation reported sales of $24.11 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.5%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, August 9th.

On average, analysts expect that Monmouth Real Estate Investment Corporation will report full year sales of $30.01 million for the current year, with estimates ranging from $115.27 million to $117.78 million. For the next fiscal year, analysts forecast that the business will post sales of $135.28 million per share, with estimates ranging from $133.27 million to $137.30 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Monmouth Real Estate Investment Corporation.

A number of equities analysts have recently commented on MNR shares. Zacks Investment Research lowered shares of Monmouth Real Estate Investment Corporation from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 11th. DA Davidson upgraded shares of Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday, May 18th. National Securities restated a “buy” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a research report on Thursday, May 4th. BidaskClub upgraded shares of Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Finally, FBR & Co restated an “outperform” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a research report on Tuesday, July 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Monmouth Real Estate Investment Corporation has a consensus rating of “Buy” and an average price target of $16.00.

Shares of Monmouth Real Estate Investment Corporation (NYSE MNR) traded down 0.84% during trading on Friday, hitting $15.35. 158,264 shares of the stock traded hands. The stock has a 50-day moving average of $15.21 and a 200 day moving average of $14.74. Monmouth Real Estate Investment Corporation has a 1-year low of $12.89 and a 1-year high of $15.67. The company has a market cap of $1.11 billion, a P/E ratio of 48.58 and a beta of 0.51.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.64 annualized dividend and a yield of 4.17%. Monmouth Real Estate Investment Corporation’s payout ratio is presently 200.01%.

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Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. bought a new stake in shares of Monmouth Real Estate Investment Corporation during the fourth quarter valued at about $108,000. SG Americas Securities LLC bought a new stake in shares of Monmouth Real Estate Investment Corporation during the first quarter valued at about $125,000. BTC Capital Management Inc. bought a new stake in shares of Monmouth Real Estate Investment Corporation during the first quarter valued at about $160,000. Pekin Singer Strauss Asset Management IL raised its stake in shares of Monmouth Real Estate Investment Corporation by 5.4% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 11,650 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 595 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Monmouth Real Estate Investment Corporation by 15.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,715 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 59.77% of the company’s stock.

Monmouth Real Estate Investment Corporation Company Profile

Monmouth Real Estate Investment Corporation is a real estate investment trust (REIT). The Company’s primary business is the ownership of real estate. Its investment focus is to own single tenant, industrial buildings and leased to investment-grade tenants or their subsidiaries on long-term net leases.

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Earnings History and Estimates for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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