Monmouth Real Estate Investment Corporation (NYSE:MNR) – Investment analysts at DA Davidson lifted their Q3 2018 earnings estimates for Monmouth Real Estate Investment Corporation in a report issued on Tuesday. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will post earnings of $0.24 per share for the quarter, up from their previous estimate of $0.22. DA Davidson has a “Buy” rating and a $16.00 price target on the stock. DA Davidson also issued estimates for Monmouth Real Estate Investment Corporation’s FY2018 earnings at $0.92 EPS.

A number of other research analysts also recently weighed in on MNR. National Securities reissued a “buy” rating and issued a $16.50 price target on shares of Monmouth Real Estate Investment Corporation in a research note on Thursday, May 4th. Zacks Investment Research cut Monmouth Real Estate Investment Corporation from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 11th. BidaskClub upgraded Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, FBR & Co reiterated an “outperform” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $16.00.

COPYRIGHT VIOLATION WARNING: “Monmouth Real Estate Investment Corporation (MNR) Expected to Earn Q3 2018 Earnings of $0.24 Per Share” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/08/16/monmouth-real-estate-investment-corporation-mnr-expected-to-earn-q3-2018-earnings-of-0-24-per-share.html.

Shares of Monmouth Real Estate Investment Corporation (NYSE MNR) traded up 0.59% during trading on Wednesday, hitting $15.28. The company had a trading volume of 119,579 shares. The firm has a 50 day moving average of $15.27 and a 200 day moving average of $14.76. Monmouth Real Estate Investment Corporation has a 12-month low of $12.89 and a 12-month high of $15.67. The stock has a market cap of $1.14 billion, a PE ratio of 51.45 and a beta of 0.51.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last issued its 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. The business had revenue of $28.61 million for the quarter, compared to analysts’ expectations of $28.81 million. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be given a $0.16 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.21%. Monmouth Real Estate Investment Corporation’s payout ratio is 213.33%.

Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in Monmouth Real Estate Investment Corporation by 22.5% in the second quarter. Renaissance Technologies LLC now owns 1,674,797 shares of the real estate investment trust’s stock worth $25,206,000 after buying an additional 307,197 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Monmouth Real Estate Investment Corporation by 3.8% in the second quarter. Vanguard Group Inc. now owns 7,955,098 shares of the real estate investment trust’s stock worth $119,724,000 after buying an additional 287,857 shares during the period. Eagle Asset Management Inc. purchased a new position in shares of Monmouth Real Estate Investment Corporation during the second quarter worth about $3,897,000. Monarch Partners Asset Management LLC purchased a new position in shares of Monmouth Real Estate Investment Corporation during the second quarter worth about $3,624,000. Finally, State Street Corp boosted its position in shares of Monmouth Real Estate Investment Corporation by 17.1% in the first quarter. State Street Corp now owns 1,511,018 shares of the real estate investment trust’s stock worth $21,566,000 after buying an additional 220,934 shares during the period. Institutional investors own 58.35% 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.

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

Receive News & Ratings for Monmouth Real Estate Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monmouth Real Estate Investment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.