Brokerages expect Monmouth R.E. Inv. Corp. (NYSE:MNR) to post sales of $32.48 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Monmouth R.E. Inv.’s earnings. The lowest sales estimate is $31.74 million and the highest is $32.87 million. Monmouth R.E. Inv. posted sales of $27.18 million in the same quarter last year, which suggests a positive year over year growth rate of 19.5%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, February 7th.
On average, analysts expect that Monmouth R.E. Inv. will report full year sales of $32.48 million for the current fiscal year, with estimates ranging from $134.51 million to $144.84 million. For the next year, analysts anticipate that the company will report sales of $158.55 million per share, with estimates ranging from $147.71 million to $172.78 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Monmouth R.E. Inv..
Monmouth R.E. Inv. (NYSE:MNR) last posted its quarterly earnings data on Wednesday, November 29th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12). The firm had revenue of $30.40 million for the quarter, compared to the consensus estimate of $30.91 million. Monmouth R.E. Inv. had a return on equity of 7.65% and a net margin of 30.84%. The company’s revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS.
In other Monmouth R.E. Inv. news, insider Michael P. Landy acquired 1,400 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of $18.05 per share, with a total value of $25,270.00. Following the acquisition, the insider now directly owns 370,977 shares of the company’s stock, valued at $6,696,134.85. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Umh Properties, Inc. acquired 9,053 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $17.01 per share, for a total transaction of $153,991.53. The disclosure for this purchase can be found here. Insiders bought a total of 10,573 shares of company stock worth $181,266 over the last ninety days. Insiders own 5.31% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in MNR. Wasatch Advisors Inc. boosted its holdings in Monmouth R.E. Inv. by 194.4% during the fourth quarter. Wasatch Advisors Inc. now owns 3,578,516 shares of the real estate investment trust’s stock worth $63,698,000 after buying an additional 2,362,933 shares in the last quarter. Emerald Advisers Inc. PA purchased a new stake in Monmouth R.E. Inv. during the third quarter worth $11,426,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Monmouth R.E. Inv. during the third quarter worth $8,474,000. Renaissance Technologies LLC boosted its holdings in Monmouth R.E. Inv. by 22.5% during the second quarter. Renaissance Technologies LLC now owns 1,674,797 shares of the real estate investment trust’s stock worth $25,206,000 after buying an additional 307,197 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Monmouth R.E. Inv. by 3.8% during the second quarter. Vanguard Group Inc. now owns 7,955,098 shares of the real estate investment trust’s stock worth $119,724,000 after buying an additional 287,857 shares in the last quarter. 66.11% of the stock is currently owned by institutional investors and hedge funds.
Monmouth R.E. Inv. (NYSE MNR) opened at $17.31 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.50 and a current ratio of 4.50. The company has a market cap of $1,325.41, a P/E ratio of 22.48, a P/E/G ratio of 2.76 and a beta of 0.51. Monmouth R.E. Inv. has a 52 week low of $13.68 and a 52 week high of $18.45.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, February 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is currently 212.51%.
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About Monmouth R.E. Inv.
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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