Steinberg Global Asset Management grew its position in Monmouth R.E. Inv. Corp. (NYSE:MNR) by 5.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,710 shares of the real estate investment trust’s stock after buying an additional 4,900 shares during the quarter. Steinberg Global Asset Management owned 0.10% of Monmouth R.E. Inv. worth $1,439,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Great West Life Assurance Co. Can raised its position in shares of Monmouth R.E. Inv. by 35.8% in the 4th quarter. Great West Life Assurance Co. Can now owns 16,975 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 4,472 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Monmouth R.E. Inv. by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 7,951,515 shares of the real estate investment trust’s stock valued at $132,950,000 after purchasing an additional 214,442 shares during the last quarter. Addison Capital Co bought a new stake in shares of Monmouth R.E. Inv. during the 4th quarter valued at approximately $310,000. Pensionfund DSM Netherlands grew its holdings in shares of Monmouth R.E. Inv. by 27.5% during the 4th quarter. Pensionfund DSM Netherlands now owns 116,000 shares of the real estate investment trust’s stock valued at $1,438,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Monmouth R.E. Inv. by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,049,480 shares of the real estate investment trust’s stock valued at $17,547,000 after purchasing an additional 3,793 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

In other Monmouth R.E. Inv. news, insider Umh Properties, Inc. bought 19,365 shares of Monmouth R.E. Inv. stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $12.60 per share, with a total value of $243,999.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael P. Landy bought 2,100 shares of Monmouth R.E. Inv. stock in a transaction on Tuesday, March 19th. The shares were acquired at an average cost of $13.18 per share, for a total transaction of $27,678.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 22,025 shares of company stock worth $278,685 and have sold 29,000 shares worth $396,800. Insiders own 4.02% of the company’s stock.

Shares of Monmouth R.E. Inv. stock traded down $0.14 during midday trading on Monday, hitting $13.37. 339,000 shares of the company traded hands, compared to its average volume of 528,283. Monmouth R.E. Inv. Corp. has a 12 month low of $11.88 and a 12 month high of $17.51. The company has a current ratio of 7.46, a quick ratio of 7.46 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.26 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 2.06 and a beta of 0.79.

Monmouth R.E. Inv. (NYSE:MNR) last posted its earnings results on Thursday, February 7th. The real estate investment trust reported ($0.36) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.59). Monmouth R.E. Inv. had a return on equity of 0.27% and a net margin of 1.33%. The business had revenue of $39.15 million for the quarter, compared to the consensus estimate of $40.22 million. As a group, research analysts anticipate that Monmouth R.E. Inv. Corp. will post 0.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Tuesday, May 14th. Monmouth R.E. Inv.’s payout ratio is 78.16%.

Several equities research analysts recently issued reports on MNR shares. ValuEngine raised shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Royal Bank of Canada started coverage on shares of Monmouth R.E. Inv. in a report on Friday, March 29th. They set a “sector perform” rating and a $14.00 price target on the stock. Zacks Investment Research raised shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Wednesday, February 6th. JPMorgan Chase & Co. started coverage on shares of Monmouth R.E. Inv. in a report on Friday, March 8th. They set a “neutral” rating and a $14.00 price target on the stock. Finally, Boenning Scattergood set a $18.00 price target on shares of Monmouth R.E. Inv. and gave the company a “buy” rating in a report on Friday, February 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.67.

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Monmouth R.E. Inv. Profile

Monmouth Real Estate Investment Corp. engages in the ownership and management of real estate. It invests in single tenant, industrial buildings leased primarily to investment-grade tenants on long-term net leases. The company was founded by Eugene W. Landy in 1968 and is headquartered in Freehold, NJ.

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Institutional Ownership by Quarter for Monmouth R.E. Inv. (NYSE:MNR)

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