Monmouth R.E. Inv. Corp. (NYSE:MNR) – Research analysts at B. Riley decreased their Q3 2020 earnings estimates for Monmouth R.E. Inv. in a note issued to investors on Friday, July 10th. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will post earnings of $0.21 per share for the quarter, down from their prior estimate of $0.22. B. Riley also issued estimates for Monmouth R.E. Inv.’s FY2020 earnings at $0.83 EPS and Q1 2021 earnings at $0.21 EPS.
Monmouth R.E. Inv. (NYSE:MNR) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.86). The business had revenue of $41.71 million during the quarter, compared to the consensus estimate of $42.34 million. Monmouth R.E. Inv. had a negative net margin of 20.80% and a negative return on equity of 5.33%.
Shares of NYSE:MNR opened at $14.06 on Monday. The company has a 50 day moving average of $13.87 and a 200 day moving average of $13.50. The stock has a market cap of $1.38 billion, a P/E ratio of -27.04 and a beta of 0.78. Monmouth R.E. Inv. has a 12 month low of $8.42 and a 12 month high of $15.53. The company has a current ratio of 12.20, a quick ratio of 12.20 and a debt-to-equity ratio of 1.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 17th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.84%. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is 80.00%.
A number of large investors have recently bought and sold shares of MNR. Certified Advisory Corp bought a new stake in Monmouth R.E. Inv. during the 1st quarter valued at $25,000. Aigen Investment Management LP raised its holdings in Monmouth R.E. Inv. by 626.7% during the 1st quarter. Aigen Investment Management LP now owns 2,289 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,974 shares during the last quarter. Whittier Trust Co. raised its holdings in Monmouth R.E. Inv. by 27.5% during the 1st quarter. Whittier Trust Co. now owns 3,825 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 825 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Monmouth R.E. Inv. during the 4th quarter valued at $57,000. Finally, AJO LP bought a new stake in Monmouth R.E. Inv. during the 1st quarter valued at $62,000. Institutional investors own 68.70% of the company’s stock.
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.
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