Monmouth Real Estate Investment Corporation (MNR) Shares Sold by WBI Investments Inc.

WBI Investments Inc. trimmed its stake in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,320 shares of the real estate investment trust’s stock after selling 1,061 shares during the quarter. WBI Investments Inc.’s holdings in Monmouth Real Estate Investment Corporation were worth $426,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MNR. Teachers Advisors LLC boosted its position in Monmouth Real Estate Investment Corporation by 31.7% during the fourth quarter. Teachers Advisors LLC now owns 146,812 shares of the real estate investment trust’s stock worth $2,237,000 after purchasing an additional 35,311 shares during the period. Bank of Montreal Can boosted its position in Monmouth Real Estate Investment Corporation by 19.6% during the first quarter. Bank of Montreal Can now owns 43,400 shares of the real estate investment trust’s stock worth $619,000 after purchasing an additional 7,098 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Monmouth Real Estate Investment Corporation by 15.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,715 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 1,600 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Monmouth Real Estate Investment Corporation by 4.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,100 shares of the real estate investment trust’s stock worth $958,000 after purchasing an additional 2,596 shares during the period. Finally, First Trust Advisors LP boosted its position in Monmouth Real Estate Investment Corporation by 14.7% during the first quarter. First Trust Advisors LP now owns 97,734 shares of the real estate investment trust’s stock worth $1,395,000 after purchasing an additional 12,540 shares during the period. 60.58% of the stock is owned by hedge funds and other institutional investors.

In other news, Chairman Eugene W. Landy sold 32,500 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $16.27, for a total transaction of $528,775.00. Following the completion of the transaction, the chairman now owns 880,705 shares in the company, valued at approximately $14,329,070.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 2,131 shares of company stock valued at $39,703 in the last quarter. 5.31% of the stock is owned by corporate insiders.

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A number of equities research analysts have recently weighed in on the company. BidaskClub raised Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research raised Monmouth Real Estate Investment Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. FBR & Co reissued an “outperform” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a report on Tuesday, July 11th. National Securities reissued a “buy” rating and set a $18.00 target price (up previously from $16.50) on shares of Monmouth Real Estate Investment Corporation in a report on Monday, August 21st. Finally, BMO Capital Markets assumed coverage on Monmouth Real Estate Investment Corporation in a report on Monday, September 11th. They set a “market perform” rating and a $16.50 target price for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $16.80.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) opened at 16.09 on Friday. Monmouth Real Estate Investment Corporation has a 12-month low of $12.89 and a 12-month high of $16.43. The stock’s 50 day moving average price is $15.61 and its 200-day moving average price is $14.96. The firm has a market cap of $1.20 billion, a P/E ratio of 54.18 and a beta of 0.50.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $28.61 million during the quarter, compared to the consensus estimate of $28.81 million. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. On average, analysts predict that Monmouth Real Estate Investment Corporation will post $0.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, August 11th. This represents a $0.64 annualized dividend and a dividend yield of 3.98%. Monmouth Real Estate Investment Corporation’s payout ratio is 213.33%.

Monmouth Real Estate Investment Corporation Profile

Monmouth Real Estate Investment Corporation is a real estate investment trust (REIT). The Company’s primary business is the ownership of real estate. Its investment focus is to own single tenant, industrial buildings and leased to investment-grade tenants or their subsidiaries on long-term net leases.

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Institutional Ownership by Quarter for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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