Hsbc Holdings PLC Takes Position in Monmouth R.E. Inv. Corp. (NYSE:MNR)

Hsbc Holdings PLC bought a new stake in Monmouth R.E. Inv. Corp. (NYSE:MNR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,450 shares of the real estate investment trust’s stock, valued at approximately $142,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MNR. Russell Investments Group Ltd. purchased a new position in Monmouth R.E. Inv. during the 3rd quarter worth approximately $401,000. Commonwealth Equity Services LLC grew its stake in shares of Monmouth R.E. Inv. by 9.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 40,818 shares of the real estate investment trust’s stock worth $682,000 after purchasing an additional 3,600 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Monmouth R.E. Inv. by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,587 shares of the real estate investment trust’s stock worth $3,221,000 after purchasing an additional 47,771 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Monmouth R.E. Inv. by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 736,980 shares of the real estate investment trust’s stock worth $12,322,000 after purchasing an additional 12,348 shares during the period. Finally, Martingale Asset Management L P grew its stake in shares of Monmouth R.E. Inv. by 6.3% during the 3rd quarter. Martingale Asset Management L P now owns 232,928 shares of the real estate investment trust’s stock worth $3,895,000 after purchasing an additional 13,820 shares during the period. Hedge funds and other institutional investors own 68.07% of the company’s stock.

In other Monmouth R.E. Inv. news, insider Umh Properties, Inc. bought 19,365 shares of the stock in a transaction on Friday, March 15th. The shares were bought at an average price of $12.60 per share, with a total value of $243,999.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael P. Landy bought 2,100 shares of the stock in a transaction on Tuesday, March 19th. The shares were acquired at an average cost of $13.18 per share, for a total transaction of $27,678.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 22,713 shares of company stock worth $287,689 and sold 29,000 shares worth $396,800. 4.02% of the stock is currently owned by company insiders.

Monmouth R.E. Inv. stock opened at $13.61 on Friday. Monmouth R.E. Inv. Corp. has a 1 year low of $11.88 and a 1 year high of $17.51. The firm has a market capitalization of $1.24 billion, a P/E ratio of 15.64, a P/E/G ratio of 2.03 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.46 and a current ratio of 7.46.

Monmouth R.E. Inv. (NYSE:MNR) last released its quarterly earnings results on Thursday, February 7th. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.59). Monmouth R.E. Inv. had a net margin of 1.33% and a return on equity of 0.27%. The company had revenue of $39.15 million during the quarter, compared to analyst estimates of $40.22 million. As a group, analysts forecast that Monmouth R.E. Inv. Corp. will post 0.94 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.68 dividend on an annualized basis and a yield of 5.00%. Monmouth R.E. Inv.’s dividend payout ratio is currently 78.16%.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. assumed coverage on shares of Monmouth R.E. Inv. in a research note on Friday, March 8th. They set a “neutral” rating and a $14.00 price objective on the stock. ValuEngine cut shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Royal Bank of Canada assumed coverage on shares of Monmouth R.E. Inv. in a research note on Friday, March 29th. They set a “sector perform” rating and a $14.00 price objective on the stock. Finally, Boenning Scattergood set a $18.00 price objective on shares of Monmouth R.E. Inv. and gave the stock a “buy” rating in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Monmouth R.E. Inv. presently has an average rating of “Hold” and an average price target of $16.67.

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

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

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