Monmouth R.E. Inv. Corp. (NYSE:MNR) Director Purchases $20,645.50 in Stock

Monmouth R.E. Inv. Corp. (NYSE:MNR) Director Steven B. Wolgin acquired 1,570 shares of Monmouth R.E. Inv. stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $13.15 per share, for a total transaction of $20,645.50. Following the completion of the acquisition, the director now directly owns 75,211 shares in the company, valued at $989,024.65. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NYSE:MNR opened at $13.32 on Thursday. Monmouth R.E. Inv. Corp. has a 12-month low of $11.88 and a 12-month high of $17.51. The business’s fifty day simple moving average is $13.58 and its 200-day simple moving average is $13.62. The company has a market capitalization of $1.28 billion, a PE ratio of 15.31 and a beta of 0.65. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 1.34.

Monmouth R.E. Inv. (NYSE:MNR) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.25). Monmouth R.E. Inv. had a return on equity of 1.18% and a net margin of 6.08%. The business had revenue of $39.47 million for the quarter, compared to analysts’ expectations of $39.91 million. Research analysts predict that Monmouth R.E. Inv. Corp. will post 0.87 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.68 annualized dividend and a yield of 5.11%. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is 78.16%.

A number of research analysts have recently issued reports on MNR shares. Boenning Scattergood reiterated a “buy” rating and issued a $17.50 price target on shares of Monmouth R.E. Inv. in a report on Friday, May 10th. BMO Capital Markets set a $15.00 price target on Monmouth R.E. Inv. and gave the company a “hold” rating in a report on Friday, August 2nd. ValuEngine upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Zacks Investment Research upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.50.

A number of hedge funds have recently made changes to their positions in the stock. Buffington Mohr McNeal acquired a new stake in shares of Monmouth R.E. Inv. in the 1st quarter worth approximately $36,000. Point72 Hong Kong Ltd acquired a new position in Monmouth R.E. Inv. in the 2nd quarter valued at approximately $51,000. Kavar Capital Partners LLC acquired a new position in Monmouth R.E. Inv. in the 2nd quarter valued at approximately $56,000. WealthStone Inc. acquired a new position in Monmouth R.E. Inv. in the 2nd quarter valued at approximately $58,000. Finally, Advisor Group Inc. increased its stake in Monmouth R.E. Inv. by 45.7% in the 2nd quarter. Advisor Group Inc. now owns 4,887 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 1,533 shares during the period. Hedge funds and other institutional investors own 66.68% 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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