Mraz Amerine & Associates Inc. decreased its position in Monmouth R.E. Inv. Corp. (NYSE:MNR) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,040 shares of the real estate investment trust’s stock after selling 2,300 shares during the period. Mraz Amerine & Associates Inc. owned 0.06% of Monmouth R.E. Inv. worth $746,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Buffington Mohr McNeal bought a new position in Monmouth R.E. Inv. in the first quarter valued at about $36,000. Kavar Capital Partners LLC bought a new position in Monmouth R.E. Inv. in the second quarter valued at about $56,000. Advisor Group Inc. boosted its holdings in Monmouth R.E. Inv. by 45.7% in the second quarter. Advisor Group Inc. now owns 4,887 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 1,533 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Monmouth R.E. Inv. in the second quarter valued at about $147,000. Finally, Mid Atlantic Financial Management Inc. ADV bought a new position in Monmouth R.E. Inv. in the first quarter valued at about $150,000. Institutional investors and hedge funds own 66.37% of the company’s stock.
MNR traded up $0.06 during midday trading on Friday, reaching $13.14. 550,000 shares of the company were exchanged, compared to its average volume of 404,500. The company has a debt-to-equity ratio of 1.34, a quick ratio of 6.64 and a current ratio of 6.64. Monmouth R.E. Inv. Corp. has a one year low of $11.88 and a one year high of $17.51. The stock has a market capitalization of $1.25 billion, a P/E ratio of 15.10 and a beta of 0.65. The stock’s 50-day simple moving average is $13.62 and its 200 day simple moving average is $13.63.
Monmouth R.E. Inv. (NYSE:MNR) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.25). Monmouth R.E. Inv. had a return on equity of 1.18% and a net margin of 6.08%. The company had revenue of $39.47 million for the quarter, compared to the consensus estimate of $39.91 million. On average, research analysts anticipate that Monmouth R.E. Inv. Corp. will post 0.87 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date is Wednesday, August 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is currently 78.16%.
Several equities analysts recently issued reports on MNR shares. BMO Capital Markets set a $15.00 price target on Monmouth R.E. Inv. and gave the company a “hold” rating in a report on Friday, August 2nd. ValuEngine upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Boenning Scattergood reiterated a “buy” rating and issued a $17.50 price target on shares of Monmouth R.E. Inv. in a report on Friday, May 10th. Finally, Zacks Investment Research upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.50.
About Monmouth R.E. Inv.
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize 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 113 properties containing a total of approximately 21.8 million rentable square feet, geographically diversified across 30 states.
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