Monmouth Real Estate Investment Corporation (NYSE:MNR) Chairman Eugene W. Landy sold 32,500 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $16.27, for a total transaction of $528,775.00. Following the transaction, the chairman now owns 880,705 shares of the company’s stock, valued at $14,329,070.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Monmouth Real Estate Investment Corporation (MNR) traded up 0.278% during midday trading on Thursday, hitting $16.225. 172,463 shares of the stock were exchanged. The firm has a 50-day moving average price of $15.56 and a 200 day moving average price of $14.93. The firm has a market cap of $1.21 billion, a PE ratio of 54.630 and a beta of 0.50. Monmouth Real Estate Investment Corporation has a 12-month low of $12.89 and a 12-month high of $16.43.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last issued its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $28.61 million for the quarter, compared to analyst estimates of $28.81 million. Monmouth Real Estate Investment Corporation had a net margin of 32.02% and a return on equity of 7.91%. The business’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. Analysts predict that Monmouth Real Estate Investment Corporation will post $0.33 earnings per share for the current fiscal year.

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 dividend yield of 3.96%. Monmouth Real Estate Investment Corporation’s payout ratio is currently 213.33%.

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Several institutional investors have recently added to or reduced their stakes in the stock. Intl Fcstone Inc. purchased a new stake in shares of Monmouth Real Estate Investment Corporation in the 2nd quarter worth about $361,000. WFG Advisors LP boosted its position in shares of Monmouth Real Estate Investment Corporation by 10.6% in the 2nd quarter. WFG Advisors LP now owns 35,272 shares of the real estate investment trust’s stock worth $531,000 after buying an additional 3,380 shares in the last quarter. Wasatch Advisors Inc. boosted its position in shares of Monmouth Real Estate Investment Corporation by 3.3% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,239,300 shares of the real estate investment trust’s stock worth $18,651,000 after buying an additional 39,656 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Monmouth Real Estate Investment Corporation by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 77,615 shares of the real estate investment trust’s stock worth $1,168,000 after buying an additional 362 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. boosted its position in shares of Monmouth Real Estate Investment Corporation by 5.3% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 93,558 shares of the real estate investment trust’s stock worth $1,408,000 after buying an additional 4,700 shares in the last quarter. Institutional investors and hedge funds own 60.58% of the company’s stock.

MNR has been the subject of a number of research analyst reports. 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. 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. FBR & Co restated an “outperform” rating and set a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a research report on Tuesday, July 11th. BMO Capital Markets initiated coverage on shares of Monmouth Real Estate Investment Corporation in a research report on Monday. They set a “market perform” rating and a $16.50 price objective for the company. Finally, Zacks Investment Research upgraded shares of Monmouth Real Estate Investment Corporation from a “sell” rating to a “hold” rating in a research 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 stock. Monmouth Real Estate Investment Corporation currently has an average rating of “Buy” and a consensus target price of $16.80.

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.

Insider Buying and Selling by Quarter for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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