Wall Street analysts predict that Monmouth Real Estate Investment Corporation (NYSE:MNR) will post $0.21 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Monmouth Real Estate Investment Corporation’s earnings, with estimates ranging from $0.20 to $0.22. Monmouth Real Estate Investment Corporation posted earnings per share of $0.07 during the same quarter last year, which indicates a positive year over year growth rate of 200%. The business is expected to report its next earnings results on Monday, November 27th.

On average, analysts expect that Monmouth Real Estate Investment Corporation will report full year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.79. For the next financial year, analysts expect that the company will report earnings of $0.92 per share, with EPS estimates ranging from $0.88 to $0.97. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Monmouth Real Estate Investment Corporation.

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

A number of research firms have issued reports on MNR. Zacks Investment Research upgraded shares of Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Wednesday, October 4th. BMO Capital Markets started coverage on shares of Monmouth Real Estate Investment Corporation in a research report on Monday, September 11th. They issued a “market perform” rating and a $16.50 price objective on the stock. National Securities reiterated a “buy” rating and set a $18.00 price target (up previously from $16.50) on shares of Monmouth Real Estate Investment Corporation in a research report on Monday, August 21st. BidaskClub cut shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, FBR & Co reiterated an “outperform” rating and set a $16.50 price target on shares of Monmouth Real Estate Investment Corporation in a research report on Tuesday, July 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Monmouth Real Estate Investment Corporation presently has an average rating of “Buy” and an average target price of $17.00.

Shares of Monmouth Real Estate Investment Corporation (NYSE MNR) traded up 0.73% during mid-day trading on Tuesday, reaching $16.62. 282,671 shares of the company’s stock were exchanged. The stock has a market cap of $1.16 billion, a PE ratio of 53.61 and a beta of 0.50. The company has a 50 day moving average price of $16.14 and a 200-day moving average price of $15.23. Monmouth Real Estate Investment Corporation has a one year low of $12.91 and a one year high of $16.64.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.68 annualized dividend and a dividend yield of 4.09%. This is a boost from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. Monmouth Real Estate Investment Corporation’s payout ratio is currently 213.33%.

In related news, Chairman Eugene W. Landy sold 32,500 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $16.27, for a total transaction of $528,775.00. Following the transaction, the chairman now owns 880,705 shares in the company, valued at $14,329,070.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 1,827 shares of company stock worth $35,170 in the last quarter. 5.31% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. boosted its stake in Monmouth Real Estate Investment Corporation by 12.3% during the third quarter. Eqis Capital Management Inc. now owns 40,829 shares of the real estate investment trust’s stock worth $661,000 after acquiring an additional 4,463 shares in the last quarter. Intl Fcstone Inc. bought a new stake in Monmouth Real Estate Investment Corporation during the second quarter worth about $361,000. WFG Advisors LP boosted its stake in Monmouth Real Estate Investment Corporation by 10.6% during the second quarter. WFG Advisors LP now owns 35,272 shares of the real estate investment trust’s stock worth $531,000 after acquiring an additional 3,380 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in Monmouth Real Estate Investment Corporation by 3.3% during the second quarter. Wasatch Advisors Inc. now owns 1,239,300 shares of the real estate investment trust’s stock worth $18,651,000 after acquiring an additional 39,656 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Monmouth Real Estate Investment Corporation by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 77,615 shares of the real estate investment trust’s stock worth $1,168,000 after acquiring an additional 362 shares in the last quarter. 60.56% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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