Monmouth Real Estate Investment Corporation (NYSE:MNR) – DA Davidson lowered their FY2017 EPS estimates for Monmouth Real Estate Investment Corporation in a note issued to investors on Tuesday. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will post earnings per share of $0.75 for the year, down from their prior forecast of $0.76. DA Davidson currently has a “Buy” rating and a $16.00 target price on the stock. DA Davidson also issued estimates for Monmouth Real Estate Investment Corporation’s Q4 2017 earnings at $0.20 EPS, Q1 2018 earnings at $0.21 EPS and Q4 2018 earnings at $0.25 EPS.

Several other research analysts also recently commented on MNR. National Securities reiterated a “buy” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a report on Thursday, May 4th. Zacks Investment Research downgraded Monmouth Real Estate Investment Corporation from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 11th. BidaskClub upgraded Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, FBR & Co reiterated an “outperform” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Monmouth Real Estate Investment Corporation currently has an average rating of “Buy” and an average price target of $16.20.

COPYRIGHT VIOLATION NOTICE: “FY2017 Earnings Estimate for Monmouth Real Estate Investment Corporation (MNR) Issued By DA Davidson” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/17/fy2017-earnings-estimate-for-monmouth-real-estate-investment-corporation-mnr-issued-by-da-davidson.html.

Shares of Monmouth Real Estate Investment Corporation (MNR) opened at 15.13 on Thursday. The company has a market capitalization of $1.12 billion, a P/E ratio of 50.94 and a beta of 0.51. The stock’s 50 day moving average price is $15.28 and its 200-day moving average price is $14.76. Monmouth Real Estate Investment Corporation has a 52-week low of $12.89 and a 52-week high of $15.67.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last released its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $28.61 million during the quarter, compared to the consensus estimate of $28.81 million. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 EPS.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MNR. Dimensional Fund Advisors LP increased its position in Monmouth Real Estate Investment Corporation by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 782,461 shares of the real estate investment trust’s stock valued at $11,924,000 after buying an additional 28,883 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Monmouth Real Estate Investment Corporation by 2.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 99,311 shares of the real estate investment trust’s stock valued at $1,514,000 after buying an additional 2,234 shares in the last quarter. Teachers Advisors LLC increased its position in Monmouth Real Estate Investment Corporation by 31.7% in the fourth quarter. Teachers Advisors LLC now owns 146,812 shares of the real estate investment trust’s stock valued at $2,237,000 after buying an additional 35,311 shares in the last quarter. Bank of Montreal Can increased its position in Monmouth Real Estate Investment Corporation by 19.6% in the first quarter. Bank of Montreal Can now owns 43,400 shares of the real estate investment trust’s stock valued at $619,000 after buying an additional 7,098 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its position in Monmouth Real Estate Investment Corporation by 64.9% in the first quarter. Winslow Evans & Crocker Inc. now owns 12,700 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 58.35% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be issued a $0.16 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.64 annualized dividend and a dividend yield of 4.23%. Monmouth Real Estate Investment Corporation’s dividend payout ratio is currently 213.33%.

About Monmouth Real Estate Investment Corporation

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.

Earnings History and Estimates for Monmouth Real Estate Investment Corporation (NYSE:MNR)

Receive News & Ratings for Monmouth Real Estate Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monmouth Real Estate Investment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.