Monmouth R.E. Inv. Corp. (MNR) Shares Bought by Citadel Advisors LLC

Citadel Advisors LLC lifted its stake in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 17.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 328,854 shares of the real estate investment trust’s stock after buying an additional 49,935 shares during the quarter. Citadel Advisors LLC owned about 0.40% of Monmouth R.E. Inv. worth $5,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Monmouth R.E. Inv. by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,587 shares of the real estate investment trust’s stock valued at $3,221,000 after purchasing an additional 47,771 shares during the period. Cornerstone Capital Inc. raised its position in shares of Monmouth R.E. Inv. by 8.4% during the 3rd quarter. Cornerstone Capital Inc. now owns 619,495 shares of the real estate investment trust’s stock valued at $10,358,000 after purchasing an additional 48,118 shares during the period. Ancora Advisors LLC bought a new stake in shares of Monmouth R.E. Inv. during the 3rd quarter valued at $114,000. GSA Capital Partners LLP bought a new stake in shares of Monmouth R.E. Inv. during the 3rd quarter valued at $959,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Monmouth R.E. Inv. by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,049,480 shares of the real estate investment trust’s stock valued at $17,547,000 after purchasing an additional 3,793 shares during the period. Institutional investors own 64.41% of the company’s stock.

In other Monmouth R.E. Inv. news, insider Michael P. Landy acquired 2,000 shares of the company’s stock in a transaction on Friday, November 30th. The stock was acquired at an average cost of $13.70 per share, with a total value of $27,400.00. Following the purchase, the insider now directly owns 407,747 shares of the company’s stock, valued at approximately $5,586,133.90. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Umh Properties, Inc. acquired 9,396 shares of the company’s stock in a transaction on Monday, September 17th. The stock was acquired at an average cost of $16.39 per share, with a total value of $154,000.44. The disclosure for this purchase can be found here. Insiders acquired a total of 13,841 shares of company stock valued at $216,122 over the last three months. Corporate insiders own 4.63% of the company’s stock.

Several research firms recently weighed in on MNR. Boenning Scattergood reaffirmed a “buy” rating and set a $19.00 target price on shares of Monmouth R.E. Inv. in a research note on Friday, September 7th. B. Riley raised shares of Monmouth R.E. Inv. from a “neutral” rating to a “buy” rating and cut their target price for the company from $17.50 to $17.00 in a research note on Tuesday, October 9th. ValuEngine raised shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Zacks Investment Research cut shares of Monmouth R.E. Inv. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.25.

MNR opened at $13.79 on Friday. The firm has a market cap of $1.25 billion, a P/E ratio of 15.85, a P/E/G ratio of 2.06 and a beta of 0.63. Monmouth R.E. Inv. Corp. has a fifty-two week low of $13.46 and a fifty-two week high of $18.27. The company has a debt-to-equity ratio of 1.76, a current ratio of 3.43 and a quick ratio of 3.43.

Monmouth R.E. Inv. (NYSE:MNR) last posted its earnings results on Wednesday, November 28th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.15). The company had revenue of $36.60 million for the quarter, compared to analysts’ expectations of $38.18 million. Monmouth R.E. Inv. had a net margin of 34.09% and a return on equity of 9.61%. As a group, research analysts predict that Monmouth R.E. Inv. Corp. will post 0.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.68 annualized dividend and a yield of 4.93%. Monmouth R.E. Inv.’s payout ratio is 78.16%.

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About Monmouth R.E. Inv.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully-integrated and self-managed real estate company, whose property portfolio consists of 109 properties containing a total of approximately 20.5 million rentable square feet, geographically diversified across 30 states.

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Institutional Ownership by Quarter for Monmouth R.E. Inv. (NYSE:MNR)

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