Monmouth R.E. Inv. Corp. (NYSE:MNR) Insider Allison Nagelberg Acquires 1,587 Shares

Monmouth R.E. Inv. Corp. (NYSE:MNR) insider Allison Nagelberg bought 1,587 shares of the stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $12.60 per share, with a total value of $19,996.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NYSE MNR traded up $0.06 during mid-day trading on Friday, hitting $13.14. The company had a trading volume of 550,000 shares, compared to its average volume of 404,500. The company has a market capitalization of $1.25 billion, a PE ratio of 15.10 and a beta of 0.65. The firm has a 50-day simple moving average of $13.62 and a two-hundred day simple moving average of $13.63. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 1.34. Monmouth R.E. Inv. Corp. has a one year low of $11.88 and a one year high of $17.51.

Monmouth R.E. Inv. (NYSE:MNR) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.25). The company had revenue of $39.47 million during the quarter, compared to the consensus estimate of $39.91 million. Monmouth R.E. Inv. had a net margin of 6.08% and a return on equity of 1.18%. Sell-side analysts expect that Monmouth R.E. Inv. Corp. will post 0.87 earnings per share for the current fiscal year.



The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.68 annualized dividend and a yield of 5.18%. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is currently 78.16%.

Several equities analysts have recently weighed in on MNR shares. BMO Capital Markets set a $15.00 price objective on Monmouth R.E. Inv. and gave the company a “hold” rating in a report on Friday, August 2nd. Zacks Investment Research upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Wednesday. Boenning Scattergood restated a “buy” rating and issued a $17.50 price objective on shares of Monmouth R.E. Inv. in a report on Friday, May 10th. Finally, ValuEngine upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Monmouth R.E. Inv. currently has a consensus rating of “Hold” and an average target price of $15.50.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Monmouth R.E. Inv. by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,151,543 shares of the real estate investment trust’s stock valued at $14,279,000 after purchasing an additional 102,063 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Monmouth R.E. Inv. by 22.8% in the fourth quarter. Principal Financial Group Inc. now owns 14,868 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 2,765 shares during the last quarter. Amalgamated Bank acquired a new stake in Monmouth R.E. Inv. in the fourth quarter valued at $142,000. Deutsche Bank AG grew its holdings in Monmouth R.E. Inv. by 104.7% in the fourth quarter. Deutsche Bank AG now owns 466,922 shares of the real estate investment trust’s stock valued at $5,787,000 after purchasing an additional 238,797 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Monmouth R.E. Inv. by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 29,272 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 816 shares during the last quarter. Institutional investors and hedge funds own 66.37% of the company’s stock.

Monmouth R.E. Inv. Company Profile

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 21.8 million rentable square feet, geographically diversified across 30 states.

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

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