Monmouth Real Estate Investment Corporation (NYSE:MNR) – Stock analysts at B. Riley issued their Q1 2018 earnings per share estimates for shares of Monmouth Real Estate Investment in a report released on Friday. B. Riley analyst C. Kucera anticipates that the real estate investment trust will earn $0.23 per share for the quarter. B. Riley has a “Buy” rating and a $18.50 price objective on the stock. B. Riley also issued estimates for Monmouth Real Estate Investment’s Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.91 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.97 EPS.
Monmouth Real Estate Investment (NYSE:MNR) last released its earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.12). The firm had revenue of $30.40 million during the quarter, compared to the consensus estimate of $30.91 million. Monmouth Real Estate Investment had a return on equity of 7.65% and a net margin of 30.84%. Monmouth Real Estate Investment’s revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS.
Monmouth Real Estate Investment (NYSE:MNR) traded up $0.20 during mid-day trading on Monday, reaching $18.19. 489,700 shares of the company traded hands, compared to its average volume of 320,536. The stock has a market cap of $1,377.47, a P/E ratio of 23.36, a PEG ratio of 2.75 and a beta of 0.52. Monmouth Real Estate Investment has a 52 week low of $13.68 and a 52 week high of $18.45. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 1.52.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Monmouth Real Estate Investment’s previous quarterly dividend of $0.16. Monmouth Real Estate Investment’s dividend payout ratio (DPR) is currently 212.51%.
In related news, Chairman Eugene W. Landy sold 32,500 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $16.27, for a total value of $528,775.00. Following the transaction, the chairman now owns 880,705 shares of the company’s stock, valued at approximately $14,329,070.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 445 shares of company stock worth $7,004 in the last ninety days. 5.31% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Emerald Advisers Inc. PA purchased a new position in Monmouth Real Estate Investment during the 3rd quarter valued at about $11,426,000. Emerald Mutual Fund Advisers Trust purchased a new position in Monmouth Real Estate Investment during the 3rd quarter valued at about $8,474,000. Renaissance Technologies LLC increased its position in Monmouth Real Estate Investment by 22.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,674,797 shares of the real estate investment trust’s stock valued at $25,206,000 after purchasing an additional 307,197 shares during the period. Vanguard Group Inc. increased its position in Monmouth Real Estate Investment by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,955,098 shares of the real estate investment trust’s stock valued at $119,724,000 after purchasing an additional 287,857 shares during the period. Finally, Eagle Asset Management Inc. purchased a new position in Monmouth Real Estate Investment during the 2nd quarter valued at about $3,897,000. 66.64% of the stock is currently owned by institutional investors.
About Monmouth Real Estate Investment
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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