Financial Counselors Inc. held its position in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,000 shares of the real estate investment trust’s stock at the close of the second quarter. Financial Counselors Inc.’s holdings in Monmouth Real Estate Investment Corporation were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MNR. Envestnet Asset Management Inc. lifted its position in Monmouth Real Estate Investment Corporation by 8.0% during 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 period. SG Americas Securities LLC purchased a new position in Monmouth Real Estate Investment Corporation during the first quarter worth about $125,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Monmouth Real Estate Investment Corporation by 15.8% during 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 period. Pekin Singer Strauss Asset Management IL lifted its position in Monmouth Real Estate Investment Corporation by 5.4% during the second quarter. Pekin Singer Strauss Asset Management IL now owns 11,650 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 595 shares during the period. Finally, Intrust Bank NA purchased a new position in Monmouth Real Estate Investment Corporation during the second quarter worth about $181,000. Hedge funds and other institutional investors own 60.58% of the company’s stock.

Several research firms recently weighed in on MNR. BMO Capital Markets began coverage on Monmouth Real Estate Investment Corporation in a research report on Monday, September 11th. They set a “market perform” rating and a $16.50 target price on the stock. BidaskClub downgraded Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. National Securities reiterated a “buy” rating and set a $18.00 target price (up from $16.50) on shares of Monmouth Real Estate Investment Corporation in a research report on Monday, August 21st. Zacks Investment Research upgraded Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, August 16th. Finally, FBR & Co reiterated an “outperform” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $16.80.

In related news, Chairman Eugene W. Landy sold 32,500 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $16.27, for a total transaction of $528,775.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 2,131 shares of company stock valued at $39,703 in the last three months. 5.31% of the stock is owned by insiders.

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Monmouth Real Estate Investment Corporation (NYSE:MNR) opened at 16.09 on Friday. Monmouth Real Estate Investment Corporation has a 52-week low of $12.89 and a 52-week high of $16.43. The stock has a market capitalization of $1.20 billion, a P/E ratio of 54.18 and a beta of 0.50. The company’s 50-day moving average price is $15.61 and its 200 day moving average price is $14.96.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last posted its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the 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 business had revenue of $28.61 million during the quarter, compared to analysts’ expectations of $28.81 million. During the same quarter in the previous year, the firm earned $0.19 EPS. The firm’s revenue was up 18.7% compared to the same quarter last year. On average, equities research analysts anticipate that Monmouth Real Estate Investment Corporation will post $0.33 earnings per share for the current year.

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

About Monmouth Real Estate Investment Corporation

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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