Oppenheimer & Co. Inc. Sells 1,134 Shares of Monmouth R.E. Inv. Corp. (NYSE:MNR)

Oppenheimer & Co. Inc. trimmed its stake in Monmouth R.E. Inv. Corp. (NYSE:MNR) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 61,769 shares of the real estate investment trust’s stock after selling 1,134 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Monmouth R.E. Inv. were worth $894,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MNR. FMR LLC boosted its stake in shares of Monmouth R.E. Inv. by 132,971,100.0% during the 1st quarter. FMR LLC now owns 1,329,712 shares of the real estate investment trust’s stock worth $17,526,000 after purchasing an additional 1,329,711 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Monmouth R.E. Inv. by 152.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 315,200 shares of the real estate investment trust’s stock valued at $4,542,000 after purchasing an additional 190,200 shares during the period. Rhumbline Advisers boosted its stake in shares of Monmouth R.E. Inv. by 7.9% in the third quarter. Rhumbline Advisers now owns 155,988 shares of the real estate investment trust’s stock valued at $2,248,000 after purchasing an additional 11,395 shares during the period. Quad Cities Investment Group LLC purchased a new position in shares of Monmouth R.E. Inv. in the third quarter valued at approximately $101,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Monmouth R.E. Inv. by 22.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 133,931 shares of the real estate investment trust’s stock valued at $1,930,000 after purchasing an additional 24,976 shares during the period. 67.47% of the stock is currently owned by institutional investors and hedge funds.

Monmouth R.E. Inv. stock traded down $0.20 during trading on Monday, reaching $15.21. The stock had a trading volume of 228,243 shares, compared to its average volume of 460,204. Monmouth R.E. Inv. Corp. has a 52-week low of $12.76 and a 52-week high of $15.53. The business has a 50 day moving average price of $14.76 and a 200 day moving average price of $14.44. The company has a quick ratio of 8.86, a current ratio of 8.86 and a debt-to-equity ratio of 1.30. The stock has a market cap of $1.49 billion, a PE ratio of 29.81 and a beta of 0.64.

Monmouth R.E. Inv. (NYSE:MNR) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.18). Monmouth R.E. Inv. had a return on equity of 9.58% and a net margin of 38.88%. The firm had revenue of $41.70 million during the quarter, compared to analysts’ expectations of $41.64 million. On average, equities analysts predict that Monmouth R.E. Inv. Corp. will post 0.87 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Tuesday, February 18th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.68 dividend on an annualized basis and a yield of 4.47%. Monmouth R.E. Inv.’s dividend payout ratio is currently 80.00%.

In other Monmouth R.E. Inv. news, Director Steven B. Wolgin sold 4,812 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $25.01, for a total transaction of $120,348.12. Following the sale, the director now owns 69,624 shares of the company’s stock, valued at $1,741,296.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Umh Properties, Inc. acquired 17,195 shares of the business’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $14.86 per share, for a total transaction of $255,517.70. The disclosure for this purchase can be found here. Insiders purchased 18,957 shares of company stock valued at $280,919 in the last quarter. 4.02% of the stock is owned by insiders.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Monmouth R.E. Inv. from a “neutral” rating to an “underweight” rating and set a $15.00 price objective for the company. in a research note on Wednesday, December 18th. Zacks Investment Research lowered shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research note on Wednesday, February 19th. Finally, B. Riley reissued a “buy” rating and issued a $17.00 price objective on shares of Monmouth R.E. Inv. in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Monmouth R.E. Inv. has a consensus rating of “Hold” and an average target price of $16.00.

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.

Recommended Story: How is diluted EPS different from basic EPS?

Want to see what other hedge funds are holding MNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monmouth R.E. Inv. Corp. (NYSE:MNR).

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

Receive News & Ratings for Monmouth R.E. Inv. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monmouth R.E. Inv. and related companies with MarketBeat.com's FREE daily email newsletter.