BNP Paribas Arbitrage SA increased its holdings in Monmouth Real Estate Investment Corporation (NYSE:MNR) by 23.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,874 shares of the real estate investment trust’s stock after buying an additional 5,729 shares during the period. BNP Paribas Arbitrage SA’s holdings in Monmouth Real Estate Investment Corporation were worth $450,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC acquired a new position in shares of Monmouth Real Estate Investment Corporation in the 1st quarter valued at about $182,000. State Street Corp boosted its holdings in shares of Monmouth Real Estate Investment Corporation by 17.1% in the 1st quarter. State Street Corp now owns 1,511,018 shares of the real estate investment trust’s stock valued at $21,566,000 after buying an additional 220,934 shares during the period. Eqis Capital Management Inc. boosted its holdings in shares of Monmouth Real Estate Investment Corporation by 17.7% in the 2nd quarter. Eqis Capital Management Inc. now owns 36,366 shares of the real estate investment trust’s stock valued at $547,000 after buying an additional 5,471 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Monmouth Real Estate Investment Corporation by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 7,667,241 shares of the real estate investment trust’s stock valued at $109,412,000 after buying an additional 257,768 shares during the period. Finally, Creative Planning boosted its holdings in shares of Monmouth Real Estate Investment Corporation by 3.8% in the 2nd quarter. Creative Planning now owns 25,692 shares of the real estate investment trust’s stock valued at $387,000 after buying an additional 952 shares during the period. 60.58% of the stock is owned by institutional investors and hedge funds.

Monmouth Real Estate Investment Corporation (NYSE MNR) opened at 16.09 on Friday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 54.18 and a beta of 0.50. Monmouth Real Estate Investment Corporation has a 1-year low of $12.89 and a 1-year high of $16.43. The firm’s 50-day moving average is $15.61 and its 200-day moving average is $14.96.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last announced its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Monmouth Real Estate Investment Corporation had a net margin of 32.02% and a return on equity of 7.91%. The company had revenue of $28.61 million during the quarter, compared to analysts’ expectations of $28.81 million. During the same quarter in the prior year, the company posted $0.19 EPS. The business’s revenue was up 18.7% on a year-over-year basis. On average, equities analysts anticipate that Monmouth Real Estate Investment Corporation will post $0.33 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Friday, August 11th. Monmouth Real Estate Investment Corporation’s payout ratio is 213.33%.

In other news, Chairman Eugene W. Landy sold 32,500 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $16.27, for a total value of $528,775.00. Following the sale, the chairman now owns 880,705 shares of the company’s stock, valued at approximately $14,329,070.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders bought 2,131 shares of company stock worth $39,703. 5.31% of the stock is owned by insiders.

Several research analysts have recently commented on MNR shares. BMO Capital Markets started coverage on shares of Monmouth Real Estate Investment Corporation in a report on Monday, September 11th. They issued a “market perform” rating and a $16.50 price target for the company. National Securities reaffirmed a “buy” rating and issued a $18.00 price target (up from $16.50) on shares of Monmouth Real Estate Investment Corporation in a report on Monday, August 21st. Zacks Investment Research lowered shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. BidaskClub lowered shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, FBR & Co reissued an “outperform” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research note on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.80.

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Monmouth Real Estate Investment Corporation 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.

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

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