Monmouth R.E. Inv. (NYSE:MNR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “MONMOUTH REAL ESTATE INVT operates as a qualified hybrid real estate investment trust under the Internal Revenue Code of 1954. “

Other analysts have also recently issued research reports about the company. National Securities lifted their target price on Monmouth R.E. Inv. from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. B. Riley lifted their target price on Monmouth R.E. Inv. from $16.50 to $18.50 and gave the stock a “buy” rating in a research report on Friday, December 1st. Finally, BMO Capital Markets initiated coverage on Monmouth R.E. Inv. in a research report on Monday, September 11th. They set a “market perform” rating and a $16.50 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Monmouth R.E. Inv. has a consensus rating of “Buy” and an average target price of $17.58.

Monmouth R.E. Inv. (NYSE MNR) remained flat at $$17.80 during trading on Wednesday. 418,100 shares of the company’s stock were exchanged, compared to its average volume of 369,650. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.50 and a quick ratio of 4.50. Monmouth R.E. Inv. has a twelve month low of $13.68 and a twelve month high of $18.45. The company has a market capitalization of $1,370.00, a price-to-earnings ratio of 55.63, a PEG ratio of 2.84 and a beta of 0.51.

Monmouth R.E. Inv. (NYSE:MNR) last posted its earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.12). Monmouth R.E. Inv. had a return on equity of 7.65% and a net margin of 30.84%. The firm had revenue of $30.40 million for the quarter, compared to analyst estimates of $30.91 million. During the same quarter last year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. equities research analysts predict that Monmouth R.E. Inv. will post 0.9 EPS for the current year.

In related news, insider Umh Properties, Inc. purchased 9,053 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of $17.01 per share, for a total transaction of $153,991.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael P. Landy purchased 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average price of $18.05 per share, for a total transaction of $25,270.00. Following the transaction, the insider now directly owns 370,977 shares in the company, valued at $6,696,134.85. The disclosure for this purchase can be found here. Insiders have bought 10,761 shares of company stock worth $184,267 in the last quarter. Insiders own 5.31% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC acquired a new position in Monmouth R.E. Inv. in the 3rd quarter valued at about $457,000. Cornerstone Capital Inc. increased its position in Monmouth R.E. Inv. by 27.1% in the 3rd quarter. Cornerstone Capital Inc. now owns 243,805 shares of the real estate investment trust’s stock valued at $3,947,000 after acquiring an additional 51,945 shares during the period. Dimensional Fund Advisors LP increased its position in Monmouth R.E. Inv. by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 917,622 shares of the real estate investment trust’s stock valued at $14,856,000 after acquiring an additional 26,755 shares during the period. Schwab Charles Investment Management Inc. increased its position in Monmouth R.E. Inv. by 15.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 327,638 shares of the real estate investment trust’s stock valued at $5,305,000 after acquiring an additional 43,877 shares during the period. Finally, Barings LLC acquired a new position in Monmouth R.E. Inv. in the 3rd quarter valued at about $168,000. Hedge funds and other institutional investors own 63.11% of the company’s stock.

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Monmouth R.E. Inv. Company Profile

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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Analyst Recommendations for Monmouth R.E. Inv. (NYSE:MNR)

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