Wall Street brokerages expect Monmouth R.E. Inv. Corp. (NYSE:MNR) to post sales of $40.34 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Monmouth R.E. Inv.’s earnings, with the highest sales estimate coming in at $41.78 million and the lowest estimate coming in at $39.19 million. Monmouth R.E. Inv. reported sales of $36.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.4%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Monmouth R.E. Inv. will report full-year sales of $160.77 million for the current year, with estimates ranging from $156.72 million to $165.94 million. For the next year, analysts anticipate that the firm will post sales of $170.60 million, with estimates ranging from $156.78 million to $180.57 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Monmouth R.E. Inv..

Monmouth R.E. Inv. (NYSE:MNR) last announced its earnings results on Thursday, May 9th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. Monmouth R.E. Inv. had a return on equity of 2.99% and a net margin of 15.10%. The firm had revenue of $39.31 million during the quarter, compared to analyst estimates of $40.31 million.

Several brokerages have recently issued reports on MNR. TheStreet lowered Monmouth R.E. Inv. from a “b-” rating to a “c” rating in a research report on Friday, February 15th. ValuEngine raised Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Zacks Investment Research lowered Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Royal Bank of Canada began coverage on Monmouth R.E. Inv. in a research report on Friday, March 29th. They set a “sector perform” rating and a $14.00 target price for the company. Finally, Boenning Scattergood set a $18.00 target price on Monmouth R.E. Inv. and gave the company a “buy” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.30.

In related news, Chairman Eugene W. Landy sold 8,000 shares of Monmouth R.E. Inv. stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $13.25, for a total value of $106,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael P. Landy acquired 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was purchased at an average cost of $13.18 per share, with a total value of $27,678.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 22,709 shares of company stock valued at $287,691 and sold 17,000 shares valued at $241,600. Company insiders own 4.02% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in Monmouth R.E. Inv. by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 736,980 shares of the real estate investment trust’s stock worth $12,322,000 after purchasing an additional 12,348 shares during the period. JPMorgan Chase & Co. boosted its stake in Monmouth R.E. Inv. by 33.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,587 shares of the real estate investment trust’s stock worth $3,221,000 after purchasing an additional 47,771 shares during the period. Strs Ohio boosted its stake in Monmouth R.E. Inv. by 19.5% in the 4th quarter. Strs Ohio now owns 151,572 shares of the real estate investment trust’s stock worth $1,879,000 after purchasing an additional 24,693 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Monmouth R.E. Inv. by 5.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,602 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 1,210 shares during the period. Finally, Private Capital Group LLC boosted its stake in Monmouth R.E. Inv. by 212.2% in the 4th quarter. Private Capital Group LLC now owns 2,953 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,007 shares during the period. 68.55% of the stock is owned by institutional investors.

Shares of Monmouth R.E. Inv. stock opened at $13.94 on Friday. Monmouth R.E. Inv. has a 1 year low of $11.88 and a 1 year high of $17.51. The firm has a market cap of $1.31 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 2.20 and a beta of 0.79. The company has a quick ratio of 10.71, a current ratio of 10.71 and a debt-to-equity ratio of 1.37.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Tuesday, May 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is currently 78.16%.

About Monmouth R.E. Inv.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize 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 113 properties containing a total of approximately 21.8 million rentable square feet, geographically diversified across 30 states.

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

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