Today, Monmouth Real Estate Investment Corp. (MNR) to Release Quarterly Earnings on Monday

Today, Monmouth Real Estate Investment Corp. (MNR) to Release Quarterly Earnings on Monday
Monmouth Real Estate Investment Corp. (NYSE:MNR) is scheduled to be announcing its Q416 earnings results on Monday, November 28th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $10.15 million for the quarter.

Shares of Monmouth Real Estate Investment Corp. (NYSE:MNR) opened at 13.86 on Friday. Monmouth Real Estate Investment Corp. has a 1-year low of $9.50 and a 1-year high of $14.92. The company’s 50-day moving average price is $13.45 and its 200-day moving average price is $13.36. The company has a market capitalization of $938.41 million, a PE ratio of 36.96 and a beta of 0.51.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 15th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Thursday, November 10th. Monmouth Real Estate Investment Corp.’s dividend payout ratio is presently 168.43%.

In related news, Director Steven B. Wolgin acquired 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The shares were bought at an average cost of $25.00 per share, with a total value of $212,500.00. Following the completion of the purchase, the director now directly owns 8,500 shares in the company, valued at $212,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.61% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Teachers Advisors Inc. raised its position in Monmouth Real Estate Investment Corp. by 18.8% in the second quarter. Teachers Advisors Inc. now owns 100,456 shares of the real estate investment trust’s stock worth $1,332,000 after buying an additional 15,865 shares in the last quarter. WFG Advisors LP raised its position in shares of Monmouth Real Estate Investment Corp. by 5.7% in the second quarter. WFG Advisors LP now owns 35,362 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 1,918 shares during the period. Martingale Asset Management L P raised its position in shares of Monmouth Real Estate Investment Corp. by 431.3% in the second quarter. Martingale Asset Management L P now owns 54,326 shares of the real estate investment trust’s stock valued at $721,000 after buying an additional 44,100 shares during the period. American International Group Inc. raised its position in shares of Monmouth Real Estate Investment Corp. by 4.7% in the second quarter. American International Group Inc. now owns 36,314 shares of the real estate investment trust’s stock valued at $482,000 after buying an additional 1,615 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Monmouth Real Estate Investment Corp. during the second quarter valued at about $125,000. 56.87% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on the company. Zacks Investment Research cut Monmouth Real Estate Investment Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Wunderlich boosted their price target on Monmouth Real Estate Investment Corp. from $13.00 to $15.50 and gave the stock a “buy” rating in a report on Friday, August 5th. National Securities boosted their price target on Monmouth Real Estate Investment Corp. from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Finally, DA Davidson boosted their price target on Monmouth Real Estate Investment Corp. from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $15.50.

Monmouth Real Estate Investment Corp. Company Profile

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