D.A. Davidson & CO. increased its holdings in Monmouth Real Estate Investment Corporation (NYSE:MNR) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,629 shares of the real estate investment trust’s stock after acquiring an additional 13,107 shares during the period. D.A. Davidson & CO. owned about 0.24% of Monmouth Real Estate Investment Corporation worth $2,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MNR. Eagle Asset Management Inc. acquired a new stake in shares of Monmouth Real Estate Investment Corporation in the 2nd quarter worth about $3,897,000. Vanguard Group Inc. raised 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 worth $109,412,000 after acquiring an additional 257,768 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new stake in shares of Monmouth Real Estate Investment Corporation in the 2nd quarter worth about $3,624,000. State Street Corp raised 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 worth $21,566,000 after acquiring an additional 220,934 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Monmouth Real Estate Investment Corporation by 87.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 425,420 shares of the real estate investment trust’s stock worth $6,009,000 after acquiring an additional 198,116 shares during the last quarter. Institutional investors own 60.55% of the company’s stock.

In other Monmouth Real Estate Investment Corporation news, Chairman Eugene W. Landy sold 32,500 shares of Monmouth Real Estate Investment Corporation 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 completion of the transaction, the chairman now directly owns 880,705 shares of the company’s stock, valued at $14,329,070.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 2,327 shares of company stock valued at $42,705 over the last ninety days. Corporate insiders own 5.31% of the company’s stock.

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A number of research firms recently weighed in on MNR. BMO Capital Markets began 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 target price on the stock. National Securities restated a “buy” rating and issued a $18.00 target price (up previously 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 report on Friday, August 18th. BidaskClub lowered shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, FBR & Co restated an “outperform” rating and issued a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $16.80.

Shares of Monmouth Real Estate Investment Corporation (MNR) opened at 16.18 on Friday. The firm has a 50-day moving average of $15.65 and a 200-day moving average of $14.98. The company has a market capitalization of $1.20 billion, a P/E ratio of 54.48 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $28.61 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. On average, equities analysts predict that Monmouth Real Estate Investment Corporation will post $0.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.64 annualized dividend and a yield of 3.89%. Monmouth Real Estate Investment Corporation’s dividend payout ratio (DPR) is presently 213.33%.

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.

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

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