Insider Buying: Allison Nagelberg Acquires 2,008 Shares of Monmouth Real Estate Investment Corp. Stock (MNR)
Monmouth Real Estate Investment Corp. (NYSE:MNR) Insider Allison Nagelberg bought 2,008 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $9.96 per share, for a total transaction of $19,999.68. Following the acquisition, the insider now directly owns 34,725 shares in the company, valued at approximately $345,861. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Monmouth Real Estate Investment Corp. (NYSE:MNR) opened at 10.67 on Thursday. Monmouth Real Estate Investment Corp. has a 52 week low of $8.65 and a 52 week high of $10.70. The stock has a 50-day moving average of $10.41 and a 200-day moving average of $9.73. The company has a market cap of $602.7 million and a price-to-earnings ratio of 51.65.
Monmouth Real Estate Investment Corp. (NYSE:MNR) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.06. The company had revenue of $13.38 million for the quarter, compared to the consensus estimate of $15.50 million. Analysts expect that Monmouth Real Estate Investment Corp. will post $0.21 EPS for the current fiscal year.
Monmouth Real Estate Investment Corporation is an real estate investment trust (NYSE:MNR) that owns real estate.
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