Monmouth R.E. Inv. Corp. (NYSE:MNR) – Analysts at DA Davidson decreased their Q4 2018 earnings estimates for Monmouth R.E. Inv. in a research note issued on Thursday. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.26.
Monmouth R.E. Inv. (NYSE:MNR) last posted its quarterly earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.12). The company had revenue of $30.40 million for the quarter, compared to the consensus estimate of $30.91 million. Monmouth R.E. Inv. had a net margin of 36.04% and a return on equity of 9.08%. Monmouth R.E. Inv.’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.
Monmouth R.E. Inv. (NYSE:MNR) opened at $14.74 on Monday. The firm has a market cap of $1,145.18, a PE ratio of 18.42, a P/E/G ratio of 2.36 and a beta of 0.43. The company has a current ratio of 6.85, a quick ratio of 6.85 and a debt-to-equity ratio of 1.50. Monmouth R.E. Inv. has a 1 year low of $13.68 and a 1 year high of $18.45.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. lifted its holdings in Monmouth R.E. Inv. by 6,031.6% during the fourth quarter. Meeder Asset Management Inc. now owns 5,825 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 5,730 shares during the last quarter. Barings LLC purchased a new stake in Monmouth R.E. Inv. during the third quarter valued at about $168,000. QS Investors LLC lifted its holdings in Monmouth R.E. Inv. by 6.8% during the second quarter. QS Investors LLC now owns 11,357 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 720 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Monmouth R.E. Inv. during the second quarter valued at about $173,000. Finally, Schroder Investment Management Group purchased a new stake in Monmouth R.E. Inv. during the third quarter valued at about $182,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.
In other Monmouth R.E. Inv. news, insider Michael P. Landy acquired 1,400 shares of the company’s stock in a transaction on 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 completion of the acquisition, the insider now directly owns 370,977 shares in the company, valued at $6,696,134.85. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Umh Properties, Inc. acquired 9,053 shares of the company’s stock in a transaction on Friday, December 15th. The shares were 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. In the last 90 days, insiders have purchased 10,573 shares of company stock valued at $181,266. 5.31% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.68 annualized dividend and a yield of 4.61%. Monmouth R.E. Inv.’s payout ratio is currently 170.00%.
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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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