Brokerages expect Monmouth R.E. Inv. Corp. Class A (NYSE:MNR) to report $0.23 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Monmouth R.E. Inv. Corp. Class A’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.22. Monmouth R.E. Inv. Corp. Class A reported earnings of $0.19 per share during the same quarter last year, which would indicate a positive year over year growth rate of 21.1%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, August 1st.

On average, analysts expect that Monmouth R.E. Inv. Corp. Class A will report full year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.89 to $0.91. For the next year, analysts expect that the business will post earnings of $1.00 per share, with EPS estimates ranging from $0.94 to $1.03. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Monmouth R.E. Inv. Corp. Class A.

A number of research analysts recently commented on MNR shares. Zacks Investment Research upgraded shares of Monmouth R.E. Inv. Corp. Class A from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Thursday, April 12th. BMO Capital Markets restated a “hold” rating and issued a $18.00 price target on shares of Monmouth R.E. Inv. Corp. Class A in a research report on Tuesday, May 8th. B. Riley set a $17.00 price target on shares of Monmouth R.E. Inv. Corp. Class A and gave the stock a “hold” rating in a research report on Thursday, May 10th. Finally, Boenning Scattergood initiated coverage on shares of Monmouth R.E. Inv. Corp. Class A in a research report on Friday, June 29th. They issued an “outperform” rating and a $18.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Monmouth R.E. Inv. Corp. Class A has an average rating of “Buy” and a consensus price target of $18.50.

In other Monmouth R.E. Inv. Corp. Class A news, insider Umh Properties, Inc. purchased 10,505 shares of the firm’s stock in a transaction on Friday, June 15th. The shares were purchased at an average price of $14.66 per share, for a total transaction of $154,003.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders acquired 14,830 shares of company stock worth $220,722. 4.63% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC boosted its stake in Monmouth R.E. Inv. Corp. Class A by 244.4% in the 1st quarter. Millennium Management LLC now owns 1,391,470 shares of the real estate investment trust’s stock worth $20,928,000 after purchasing an additional 987,397 shares during the period. Wasatch Advisors Inc. boosted its stake in Monmouth R.E. Inv. Corp. Class A by 19.5% in the 1st quarter. Wasatch Advisors Inc. now owns 4,277,111 shares of the real estate investment trust’s stock worth $64,328,000 after purchasing an additional 698,595 shares during the period. BlackRock Inc. boosted its stake in Monmouth R.E. Inv. Corp. Class A by 6.6% in the 4th quarter. BlackRock Inc. now owns 6,702,654 shares of the real estate investment trust’s stock worth $119,308,000 after purchasing an additional 412,946 shares during the period. Cornerstone Capital Inc. boosted its stake in Monmouth R.E. Inv. Corp. Class A by 73.7% in the 1st quarter. Cornerstone Capital Inc. now owns 477,470 shares of the real estate investment trust’s stock worth $7,181,000 after purchasing an additional 202,515 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Monmouth R.E. Inv. Corp. Class A by 39.7% in the 1st quarter. Thrivent Financial for Lutherans now owns 662,975 shares of the real estate investment trust’s stock worth $9,971,000 after purchasing an additional 188,486 shares during the period. Hedge funds and other institutional investors own 66.11% of the company’s stock.

Shares of NYSE MNR traded up $0.03 during mid-day trading on Wednesday, reaching $16.49. 261,797 shares of the company traded hands, compared to its average volume of 389,182. Monmouth R.E. Inv. Corp. Class A has a fifty-two week low of $13.87 and a fifty-two week high of $18.45. The company has a debt-to-equity ratio of 1.66, a current ratio of 9.23 and a quick ratio of 9.23. The firm has a market capitalization of $1.33 billion, a PE ratio of 21.70, a P/E/G ratio of 2.66 and a beta of 0.53.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Wednesday, August 15th will be given a $0.17 dividend. The ex-dividend date is Tuesday, August 14th. This represents a $0.68 annualized dividend and a yield of 4.12%. Monmouth R.E. Inv. Corp. Class A’s dividend payout ratio (DPR) is 89.47%.

About Monmouth R.E. Inv. Corp. Class A

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the U.S. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully-integrated and self-managed real estate company, whose property portfolio consists of 110 properties containing a total of approximately 20.3 million rentable square feet, geographically diversified across 30 states.

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Earnings History and Estimates for Monmouth R.E. Inv. Corp. Class A (NYSE:MNR)

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