SG Americas Securities LLC Sells 6,622 Shares of Monmouth R.E. Inv. Corp. (NYSE:MNR)

SG Americas Securities LLC cut its holdings in Monmouth R.E. Inv. Corp. (NYSE:MNR) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,434 shares of the real estate investment trust’s stock after selling 6,622 shares during the period. SG Americas Securities LLC’s holdings in Monmouth R.E. Inv. were worth $470,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MNR. Eqis Capital Management Inc. lifted its holdings in Monmouth R.E. Inv. by 3.8% during the 3rd quarter. Eqis Capital Management Inc. now owns 19,257 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 710 shares in the last quarter. Metropolitan Life Insurance Co NY grew its position in shares of Monmouth R.E. Inv. by 2.2% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 33,819 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 736 shares during the last quarter. Moors & Cabot Inc. grew its position in shares of Monmouth R.E. Inv. by 0.5% in the 4th quarter. Moors & Cabot Inc. now owns 150,438 shares of the real estate investment trust’s stock worth $2,169,000 after buying an additional 744 shares during the last quarter. First Allied Advisory Services Inc. grew its position in shares of Monmouth R.E. Inv. by 3.3% in the 3rd quarter. First Allied Advisory Services Inc. now owns 24,877 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 806 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Monmouth R.E. Inv. by 8.3% in the 3rd quarter. First Trust Advisors LP now owns 21,739 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 1,662 shares during the last quarter. 67.07% of the stock is owned by institutional investors and hedge funds.

Shares of MNR stock traded up $0.04 during trading hours on Friday, hitting $15.02. The company’s stock had a trading volume of 3,700 shares, compared to its average volume of 460,202. The company has a 50 day moving average of $14.67 and a 200 day moving average of $14.39. The stock has a market cap of $1.46 billion, a PE ratio of 29.26 and a beta of 0.64. The company has a current ratio of 8.86, a quick ratio of 8.86 and a debt-to-equity ratio of 1.30. Monmouth R.E. Inv. Corp. has a 12-month low of $12.76 and a 12-month high of $15.53.

Monmouth R.E. Inv. (NYSE:MNR) last released its quarterly earnings data on Monday, November 25th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $40.60 million for the quarter, compared to the consensus estimate of $40.22 million. Monmouth R.E. Inv. had a net margin of 38.88% and a return on equity of 9.58%. As a group, analysts anticipate that Monmouth R.E. Inv. Corp. will post 0.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Tuesday, February 18th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Friday, February 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is currently 80.00%.

In other news, insider Umh Properties, Inc. bought 17,195 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $14.86 per share, for a total transaction of $255,517.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Eugene W. Landy sold 40,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $14.73, for a total transaction of $589,200.00. The disclosure for this sale can be found here. Insiders bought a total of 18,817 shares of company stock worth $278,924 over the last ninety days. Insiders own 4.02% of the company’s stock.

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Monmouth R.E. Inv. from a “neutral” rating to an “underweight” rating and set a $15.00 price objective on the stock. in a research report on Wednesday, December 18th. Zacks Investment Research downgraded shares of Monmouth R.E. Inv. from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, B. Riley reissued a “buy” rating and set a $17.00 target price on shares of Monmouth R.E. Inv. in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Monmouth R.E. Inv. has a consensus rating of “Hold” and an average price target of $16.00.

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

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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

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