Strs Ohio decreased its stake in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) by 11.8% during the second quarter, Holdings Channel reports. The fund owned 108,828 shares of the real estate investment trust’s stock after selling 14,492 shares during the period. Strs Ohio’s holdings in Monmouth Real Estate Investment Corporation were worth $1,637,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MNR. Envestnet Asset Management Inc. increased its stake in shares of Monmouth Real Estate Investment Corporation by 8.0% in the first quarter. Envestnet Asset Management Inc. now owns 7,571 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 559 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Monmouth Real Estate Investment Corporation during the first quarter worth approximately $125,000. BTC Capital Management Inc. bought a new stake in shares of Monmouth Real Estate Investment Corporation during the first quarter worth approximately $160,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased 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 worth $167,000 after buying an additional 1,600 shares during the last quarter. Finally, Financial Counselors Inc. bought a new stake in shares of Monmouth Real Estate Investment Corporation during the first quarter worth approximately $171,000. Institutional investors and hedge funds own 59.80% of the company’s stock.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) opened at 14.80 on Friday. The stock has a market cap of $1.10 billion, a P/E ratio of 47.13 and a beta of 0.51. The stock has a 50 day moving average price of $15.26 and a 200-day moving average price of $14.76. Monmouth Real Estate Investment Corporation has a 52 week low of $12.89 and a 52 week high of $15.67.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The firm had revenue of $28.61 million for the quarter, compared to analyst estimates of $28.81 million. During the same quarter last year, the company posted $0.19 earnings per share. The business’s revenue was up 18.7% on a year-over-year basis. Equities analysts predict that Monmouth Real Estate Investment Corporation will post $0.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, August 11th. Monmouth Real Estate Investment Corporation’s dividend payout ratio is currently 213.33%.

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MNR has been the topic of a number of recent research reports. BidaskClub downgraded Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. DA Davidson upgraded Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, May 18th. Zacks Investment Research downgraded Monmouth Real Estate Investment Corporation from a “strong-buy” rating to a “sell” rating in a research note on Thursday, May 11th. National Securities restated a “buy” rating and issued a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research note on Thursday, May 4th. Finally, FBR & Co restated an “outperform” rating and issued a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research note on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $16.00.

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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Institutional Ownership by Quarter for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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