Q3 2019 Earnings Estimate for Monmouth R.E. Inv. Corp. Issued By B. Riley (MNR)

Monmouth R.E. Inv. Corp. (NYSE:MNR) – Investment analysts at B. Riley dropped their Q3 2019 earnings per share estimates for shares of Monmouth R.E. Inv. in a research report issued to clients and investors on Monday, February 11th. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will post earnings per share of $0.24 for the quarter, down from their previous forecast of $0.25. B. Riley also issued estimates for Monmouth R.E. Inv.’s Q2 2020 earnings at $0.25 EPS, Q4 2020 earnings at $0.26 EPS and FY2020 earnings at $1.05 EPS.

Monmouth R.E. Inv. (NYSE:MNR) last announced its quarterly earnings results on Wednesday, November 28th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.15). Monmouth R.E. Inv. had a return on equity of 0.27% and a net margin of 1.33%. The business had revenue of $36.60 million for the quarter, compared to analyst estimates of $38.18 million.

Several other analysts have also weighed in on MNR. Zacks Investment Research upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Wednesday, February 6th. ValuEngine upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Boenning Scattergood set a $18.00 price objective on Monmouth R.E. Inv. and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.00.

Shares of MNR stock opened at $13.92 on Tuesday. The company has a quick ratio of 7.46, a current ratio of 7.46 and a debt-to-equity ratio of 0.09. Monmouth R.E. Inv. has a 1 year low of $11.88 and a 1 year high of $17.51. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 2.03 and a beta of 0.83.

Several institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Monmouth R.E. Inv. by 5.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,602 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 1,210 shares during the period. Commonwealth Equity Services LLC raised its position in Monmouth R.E. Inv. by 3.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 42,031 shares of the real estate investment trust’s stock valued at $521,000 after buying an additional 1,213 shares during the period. Anchor Capital Advisors LLC raised its position in Monmouth R.E. Inv. by 6.1% during the fourth quarter. Anchor Capital Advisors LLC now owns 31,560 shares of the real estate investment trust’s stock valued at $391,000 after buying an additional 1,820 shares during the period. Private Capital Group LLC raised its position in Monmouth R.E. Inv. by 212.2% during the fourth quarter. Private Capital Group LLC now owns 2,953 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,007 shares during the period. Finally, SG Americas Securities LLC raised its position in Monmouth R.E. Inv. by 20.3% during the fourth quarter. SG Americas Securities LLC now owns 13,382 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 2,255 shares during the period. 58.57% of the stock is currently owned by institutional investors.

In other news, Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction on Friday, December 14th. The stock was sold at an average price of $13.84, for a total transaction of $110,720.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael P. Landy bought 2,000 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were bought at an average cost of $13.70 per share, for a total transaction of $27,400.00. Following the completion of the transaction, the insider now directly owns 407,747 shares of the company’s stock, valued at $5,586,133.90. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 16,674 shares of company stock valued at $228,264. Insiders own 4.63% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 15th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.68 annualized dividend and a dividend yield of 4.89%. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is 78.16%.

About Monmouth R.E. Inv.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize 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 113 properties containing a total of approximately 21.6 million rentable square feet, geographically diversified across 30 states.

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

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