Monmouth R.E. Inv. (MNR) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Monmouth R.E. Inv. (NYSE:MNR) posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01, Briefing.com reports. The business had revenue of $32.70 million for the quarter, compared to analysts’ expectations of $30.96 million. Monmouth R.E. Inv. had a return on equity of 9.08% and a net margin of 36.04%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share.

Monmouth R.E. Inv. (MNR) remained flat at $$14.00 during trading hours on Thursday. 28,002 shares of the stock were exchanged, compared to its average volume of 411,006. Monmouth R.E. Inv. has a one year low of $13.68 and a one year high of $18.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 6.85 and a quick ratio of 6.85. The stock has a market cap of $1,090.00, a price-to-earnings ratio of 42.42, a price-to-earnings-growth ratio of 2.31 and a beta of 0.43.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Wednesday, February 14th. Monmouth R.E. Inv.’s payout ratio is 206.06%.

Several equities analysts recently issued reports on the company. B. Riley reiterated a “buy” rating on shares of Monmouth R.E. Inv. in a report on Wednesday, November 1st. BMO Capital Markets reiterated a “hold” rating and issued a $18.00 price target on shares of Monmouth R.E. Inv. in a report on Tuesday, January 9th. National Securities raised their price target on Monmouth R.E. Inv. from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Finally, Zacks Investment Research raised Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Monmouth R.E. Inv. presently has a consensus rating of “Hold” and an average target price of $17.50.

In related news, insider Umh Properties, Inc. bought 9,053 shares of the business’s stock in a transaction on Friday, December 15th. The shares were purchased at an average price of $17.01 per share, with a total value of $153,991.53. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael P. Landy bought 1,400 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was bought at an average cost of $18.05 per share, for a total transaction of $25,270.00. Following the purchase, the insider now directly owns 370,977 shares of the company’s stock, valued at approximately $6,696,134.85. The disclosure for this purchase can be found here. Insiders acquired 10,512 shares of company stock worth $180,265 in the last three months. Insiders own 5.31% 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.

Earnings History for Monmouth R.E. Inv. (NYSE:MNR)

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