Monmouth R.E. Inv. Corp. (NYSE:MNR) – Equities research analysts at B. Riley lifted their Q4 2018 earnings per share (EPS) estimates for shares of Monmouth R.E. Inv. in a research note issued to investors on Friday. B. Riley analyst C. Kucera now expects that the real estate investment trust will earn $0.24 per share for the quarter, up from their previous forecast of $0.22. B. Riley currently has a “Neutral” rating and a $16.50 target price on the stock. B. Riley also issued estimates for Monmouth R.E. Inv.’s Q1 2019 earnings at $0.24 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.95 EPS.
Monmouth R.E. Inv. (NYSE:MNR) last issued its quarterly earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.12). The firm had revenue of $30.40 million during the quarter, compared to analyst estimates of $30.91 million. Monmouth R.E. Inv. had a return on equity of 9.08% and a net margin of 36.04%. The business’s revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share.
Shares of Monmouth R.E. Inv. (MNR) opened at $14.74 on Monday. 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 capitalization of $1,145.18, a P/E ratio of 36.85, a PEG ratio of 2.36 and a beta of 0.43. Monmouth R.E. Inv. has a 12 month low of $13.68 and a 12 month high of $18.45.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MNR. Meeder Asset Management Inc. boosted its stake 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 worth $104,000 after buying an additional 5,730 shares during the last quarter. Barings LLC acquired a new position in Monmouth R.E. Inv. during the third quarter worth $168,000. QS Investors LLC boosted its stake 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 worth $171,000 after buying an additional 720 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Monmouth R.E. Inv. during the second quarter worth $173,000. Finally, Schroder Investment Management Group purchased a new stake in Monmouth R.E. Inv. in the third quarter valued at $182,000. 66.01% of the stock is currently owned by institutional investors.
In related news, insider Umh Properties, Inc. acquired 9,053 shares of the stock in a transaction on Friday, December 15th. The shares were bought at an average price of $17.01 per share, with a total value of $153,991.53. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael P. Landy acquired 1,400 shares of the stock in a transaction on Tuesday, December 19th. The shares were 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 have acquired 10,573 shares of company stock worth $181,266 in the last three months. 5.31% of the stock is currently owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Wednesday, February 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is currently 170.00%.
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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