New York State Common Retirement Fund Has $1.08 Million Position in Monmouth Real Estate Investment Corporation (NYSE:MNR)

New York State Common Retirement Fund lowered its holdings in Monmouth Real Estate Investment Corporation (NYSE:MNR) by 30.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 71,900 shares of the real estate investment trust’s stock after selling 31,751 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of Monmouth Real Estate Investment Corporation worth $1,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MNR. UBS Asset Management Americas Inc. lifted its holdings in Monmouth Real Estate Investment Corporation by 26.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 125,589 shares of the real estate investment trust’s stock worth $1,792,000 after buying an additional 26,278 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Monmouth Real Estate Investment Corporation by 1.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 130,856 shares of the real estate investment trust’s stock worth $1,867,000 after buying an additional 1,946 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Monmouth Real Estate Investment Corporation by 8.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,571 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 559 shares during the period. SG Americas Securities LLC purchased a new stake in Monmouth Real Estate Investment Corporation in the 1st quarter worth approximately $125,000. Finally, American International Group Inc. lifted its holdings in Monmouth Real Estate Investment Corporation by 7.5% in the 1st quarter. American International Group Inc. now owns 38,981 shares of the real estate investment trust’s stock worth $556,000 after buying an additional 2,706 shares during the period. Institutional investors and hedge funds own 62.12% of the company’s stock.

Several equities research analysts have weighed in on MNR shares. BMO Capital Markets started coverage on Monmouth Real Estate Investment Corporation in a report on Monday, September 11th. They issued a “market perform” rating and a $16.50 price objective for the company. National Securities reiterated a “buy” rating and issued a $18.00 price objective (up previously from $16.50) on shares of Monmouth Real Estate Investment Corporation in a report on Monday, August 21st. Zacks Investment Research cut Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. BidaskClub cut Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, B. Riley restated a “buy” rating on shares of Monmouth Real Estate Investment Corporation in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.00.

In related news, Chairman Eugene W. Landy sold 32,500 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $14,329,070.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 1,602 shares of company stock valued at $32,174. 5.31% of the stock is owned by corporate insiders.

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Monmouth Real Estate Investment Corporation (NYSE:MNR) opened at $17.20 on Friday. The company has a market capitalization of $1,248.07, a P/E ratio of 23.24, a PEG ratio of 2.66 and a beta of 0.51. The company has a debt-to-equity ratio of 1.51, a current ratio of 7.24 and a quick ratio of 7.24. Monmouth Real Estate Investment Corporation has a one year low of $13.08 and a one year high of $17.45.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last released its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The company had revenue of $28.61 million during the quarter, compared to analysts’ expectations of $28.81 million. During the same quarter last year, the business posted $0.19 EPS. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. analysts expect that Monmouth Real Estate Investment Corporation will post 0.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a positive change from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. Monmouth Real Estate Investment Corporation’s dividend payout ratio (DPR) 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.

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

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