Monmouth Real Estate Investment Co. (MNR) Holdings Raised by Chatham Capital Group Inc.

Chatham Capital Group Inc. grew its holdings in Monmouth Real Estate Investment Co. (NYSE:MNR) by 33.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,375 shares of the real estate investment trust’s stock after acquiring an additional 19,725 shares during the quarter. Chatham Capital Group Inc. owned 0.10% of Monmouth Real Estate Investment worth $1,194,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MNR. Dimensional Fund Advisors LP increased its holdings in shares of Monmouth Real Estate Investment by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 917,622 shares of the real estate investment trust’s stock worth $14,856,000 after acquiring an additional 26,755 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Monmouth Real Estate Investment by 4.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 343,123 shares of the real estate investment trust’s stock worth $6,108,000 after acquiring an additional 15,485 shares in the last quarter. Winslow Evans & Crocker Inc. increased its holdings in shares of Monmouth Real Estate Investment by 90.2% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 10,650 shares of the real estate investment trust’s stock worth $190,000 after acquiring an additional 5,050 shares in the last quarter. Strs Ohio increased its holdings in shares of Monmouth Real Estate Investment by 4.9% in the fourth quarter. Strs Ohio now owns 111,894 shares of the real estate investment trust’s stock worth $1,991,000 after acquiring an additional 5,192 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Monmouth Real Estate Investment by 63.6% in the fourth quarter. SG Americas Securities LLC now owns 19,416 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 7,548 shares in the last quarter. Institutional investors own 68.39% of the company’s stock.

Monmouth Real Estate Investment opened at $15.09 on Friday, Marketbeat reports. The company has a quick ratio of 9.23, a current ratio of 9.23 and a debt-to-equity ratio of 1.66. The stock has a market cap of $1.21 billion, a P/E ratio of 19.86, a PEG ratio of 2.43 and a beta of 0.55. Monmouth Real Estate Investment Co. has a 52-week low of $15.14 and a 52-week high of $15.30.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Tuesday, May 15th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.51%. Monmouth Real Estate Investment’s payout ratio is presently 89.47%.

MNR has been the subject of several recent analyst reports. Zacks Investment Research upgraded Monmouth Real Estate Investment from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, April 12th. B. Riley set a $17.00 price target on Monmouth Real Estate Investment and gave the stock a “hold” rating in a report on Thursday, May 10th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $18.00 price objective on shares of Monmouth Real Estate Investment in a report on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Monmouth Real Estate Investment currently has an average rating of “Hold” and a consensus target price of $17.42.

In other news, Director Catherine B. Elflein acquired 3,460 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average cost of $14.38 per share, for a total transaction of $49,754.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have purchased 5,510 shares of company stock valued at $80,635. 4.63% of the stock is owned by corporate insiders.

About Monmouth Real Estate Investment

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the U.S. 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 19.9 million rentable square feet, geographically diversified across 30 states.

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

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