Wall Street analysts expect Monmouth R.E. Inv. Corp. (NYSE:MNR) to report earnings per share (EPS) of $0.24 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Monmouth R.E. Inv.’s earnings, with estimates ranging from $0.23 to $0.26. Monmouth R.E. Inv. posted earnings per share of $0.21 in the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The company is scheduled to report its next earnings results on Wednesday, December 5th.
On average, analysts expect that Monmouth R.E. Inv. will report full-year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.89 to $0.92. For the next financial year, analysts forecast that the firm will report earnings of $1.02 per share, with EPS estimates ranging from $1.00 to $1.05. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Monmouth R.E. Inv..
Monmouth R.E. Inv. (NYSE:MNR) last posted its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.10). The firm had revenue of $36.20 million for the quarter, compared to the consensus estimate of $35.28 million. Monmouth R.E. Inv. had a net margin of 35.32% and a return on equity of 9.44%.
In other news, Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $16.84, for a total value of $134,720.00. Following the sale, the chairman now directly owns 852,776 shares of the company’s stock, valued at approximately $14,360,747.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Umh Properties, Inc. purchased 9,396 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was bought at an average cost of $16.39 per share, for a total transaction of $154,000.44. The disclosure for this purchase can be found here. Over the last three months, insiders bought 12,823 shares of company stock worth $209,428. Insiders own 4.63% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Monmouth R.E. Inv. by 6.1% in the 2nd quarter. BlackRock Inc. now owns 7,230,951 shares of the real estate investment trust’s stock worth $119,529,000 after purchasing an additional 415,601 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in Monmouth R.E. Inv. by 26.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 5,409,159 shares of the real estate investment trust’s stock worth $89,413,000 after acquiring an additional 1,132,048 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Monmouth R.E. Inv. by 0.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,902,300 shares of the real estate investment trust’s stock worth $47,975,000 after acquiring an additional 19,700 shares during the last quarter. Boulegeris Investments Inc. raised its holdings in Monmouth R.E. Inv. by 0.4% in the 2nd quarter. Boulegeris Investments Inc. now owns 2,443,486 shares of the real estate investment trust’s stock worth $40,391,000 after acquiring an additional 10,125 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Monmouth R.E. Inv. by 2.0% in the 2nd quarter. Northern Trust Corp now owns 1,553,286 shares of the real estate investment trust’s stock worth $25,675,000 after acquiring an additional 31,173 shares during the last quarter. 66.43% of the stock is currently owned by hedge funds and other institutional investors.
Monmouth R.E. Inv. stock opened at $16.36 on Monday. The company has a current ratio of 5.61, a quick ratio of 5.61 and a debt-to-equity ratio of 1.59. Monmouth R.E. Inv. has a fifty-two week low of $13.87 and a fifty-two week high of $18.45. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.64 and a beta of 0.51.
The business also recently declared a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Wednesday, August 15th were given a $0.17 dividend. The ex-dividend date was Tuesday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.16%. Monmouth R.E. Inv.’s dividend payout ratio is currently 89.47%.
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. The Company specializes 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 109 properties containing a total of approximately 20.5 million rentable square feet, geographically diversified across 30 states.
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