Wasatch Advisors Inc. lifted its holdings in Monmouth R.E. Inv. Corp. (NYSE:MNR) by 0.7% in the 1st quarter, HoldingsChannel reports. The firm owned 7,842,499 shares of the real estate investment trust’s stock after purchasing an additional 56,759 shares during the quarter. Wasatch Advisors Inc. owned approximately 0.08% of Monmouth R.E. Inv. worth $103,364,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in MNR. Bank of New York Mellon Corp grew its position in Monmouth R.E. Inv. by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 736,980 shares of the real estate investment trust’s stock valued at $12,322,000 after buying an additional 12,348 shares during the last quarter. JPMorgan Chase & Co. grew its position in Monmouth R.E. Inv. by 33.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 192,587 shares of the real estate investment trust’s stock valued at $3,221,000 after buying an additional 47,771 shares during the last quarter. Vanguard Group Inc. grew its position in Monmouth R.E. Inv. by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,951,515 shares of the real estate investment trust’s stock valued at $132,950,000 after buying an additional 214,442 shares during the last quarter. State of Alaska Department of Revenue grew its position in Monmouth R.E. Inv. by 14.8% in the 4th quarter. State of Alaska Department of Revenue now owns 28,456 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 3,668 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Monmouth R.E. Inv. by 777.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 39,500 shares of the real estate investment trust’s stock valued at $490,000 after buying an additional 35,000 shares during the last quarter. 67.53% of the stock is owned by institutional investors.
In other Monmouth R.E. Inv. news, insider Umh Properties, Inc. acquired 19,365 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $12.60 per share, for a total transaction of $243,999.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Eugene W. Landy sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $13.34, for a total transaction of $266,800.00. Following the completion of the sale, the chairman now owns 918,733 shares in the company, valued at $12,255,898.22. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 22,709 shares of company stock worth $287,691 and sold 37,000 shares worth $508,400. 4.02% of the stock is owned by insiders.
Shares of NYSE MNR traded up $0.05 during trading on Wednesday, hitting $14.12. 1,953 shares of the company were exchanged, compared to its average volume of 503,756. The firm has a market capitalization of $1.32 billion, a P/E ratio of 16.16, a PEG ratio of 2.20 and a beta of 0.79. Monmouth R.E. Inv. Corp. has a 1 year low of $11.88 and a 1 year high of $17.51. The company has a debt-to-equity ratio of 1.37, a quick ratio of 10.71 and a current ratio of 10.71.
Monmouth R.E. Inv. (NYSE:MNR) last issued its earnings results on Thursday, May 9th. The real estate investment trust reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. Monmouth R.E. Inv. had a net margin of 15.10% and a return on equity of 2.99%. The company had revenue of $39.31 million for the quarter, compared to analyst estimates of $40.31 million. On average, sell-side analysts forecast that Monmouth R.E. Inv. Corp. will post 0.91 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.68 annualized dividend and a dividend yield of 4.82%. Monmouth R.E. Inv.’s dividend payout ratio is presently 78.16%.
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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 21.8 million rentable square feet, geographically diversified across 30 states.
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