Steven B. Wolgin Sells 1,000 Shares of Monmouth R.E. Inv. Corp. (MNR) Stock

Monmouth R.E. Inv. Corp. (NYSE:MNR) Director Steven B. Wolgin sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $24.06, for a total value of $24,060.00. Following the sale, the director now owns 68,134 shares of the company’s stock, valued at approximately $1,639,304.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) traded down $0.27 during trading hours on Wednesday, hitting $13.99. The company had a trading volume of 172,897 shares, compared to its average volume of 404,082. The stock has a market capitalization of $1,124.20, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.31 and a beta of 0.43. The company has a debt-to-equity ratio of 1.50, a quick ratio of 6.85 and a current ratio of 6.85. Monmouth R.E. Inv. Corp. has a one year low of $13.68 and a one year high of $18.45.

Monmouth R.E. Inv. (NYSE:MNR) last announced its earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.12). Monmouth R.E. Inv. had a net margin of 36.04% and a return on equity of 9.08%. The company had revenue of $30.40 million for the quarter, compared to analysts’ expectations of $30.91 million. During the same period in the previous year, the firm earned $0.22 EPS. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. analysts anticipate that Monmouth R.E. Inv. Corp. will post 0.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.68 annualized dividend and a yield of 4.86%. Monmouth R.E. Inv.’s dividend payout ratio is currently 170.00%.

Hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its position in shares of Monmouth R.E. Inv. by 0.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 283,761 shares of the real estate investment trust’s stock valued at $4,271,000 after buying an additional 2,549 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Monmouth R.E. Inv. by 10.5% during the 2nd quarter. Teachers Advisors LLC now owns 144,373 shares of the real estate investment trust’s stock valued at $2,173,000 after buying an additional 13,679 shares during the last quarter. BlackRock Inc. lifted its position in shares of Monmouth R.E. Inv. by 0.3% during the 2nd quarter. BlackRock Inc. now owns 6,034,708 shares of the real estate investment trust’s stock valued at $90,823,000 after buying an additional 16,118 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Monmouth R.E. Inv. by 2.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 128,354 shares of the real estate investment trust’s stock valued at $1,932,000 after buying an additional 2,765 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Monmouth R.E. Inv. by 5.2% during the 2nd quarter. Northern Trust Corp now owns 1,384,560 shares of the real estate investment trust’s stock valued at $20,838,000 after buying an additional 68,959 shares during the last quarter. 66.01% of the stock is currently owned by institutional investors and hedge funds.

MNR has been the subject of several recent research reports. Zacks Investment Research downgraded Monmouth R.E. Inv. from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. National Securities boosted their price objective 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. B. Riley boosted their price objective on Monmouth R.E. Inv. from $16.50 to $18.50 and gave the company a “buy” rating in a report on Friday, December 1st. Finally, BMO Capital Markets restated a “hold” rating and set a $18.00 price objective on shares of Monmouth R.E. Inv. in a report on Tuesday, January 9th. One 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 an average rating of “Hold” and a consensus target price of $17.50.

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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.

Insider Buying and Selling by Quarter for Monmouth R.E. Inv. (NYSE:MNR)

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