Cubist Systematic Strategies LLC Takes Position in Monmouth Real Estate Investment Co. (NYSE:MNR)

Cubist Systematic Strategies LLC purchased a new stake in Monmouth Real Estate Investment Co. (NYSE:MNR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,446 shares of the real estate investment trust’s stock, valued at approximately $394,000.

Several other hedge funds have also added to or reduced their stakes in MNR. Vanguard Group Inc. raised its stake in shares of Monmouth Real Estate Investment by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,866,698 shares of the real estate investment trust’s stock valued at $142,969,000 after acquiring an additional 68,163 shares during the period. Wasatch Advisors Inc. boosted its holdings in shares of Monmouth Real Estate Investment by 1.8% in the 3rd quarter. Wasatch Advisors Inc. now owns 9,558,941 shares of the real estate investment trust’s stock valued at $132,391,000 after buying an additional 171,518 shares during the period. FMR LLC boosted its holdings in shares of Monmouth Real Estate Investment by 18.6% in the 2nd quarter. FMR LLC now owns 1,927,089 shares of the real estate investment trust’s stock valued at $27,924,000 after buying an additional 302,501 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Monmouth Real Estate Investment by 74.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,050,421 shares of the real estate investment trust’s stock valued at $15,221,000 after buying an additional 448,269 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Monmouth Real Estate Investment by 16.5% in the 3rd quarter. Wells Fargo & Company MN now owns 803,434 shares of the real estate investment trust’s stock valued at $11,129,000 after buying an additional 113,744 shares during the period. Institutional investors and hedge funds own 65.00% of the company’s stock.

Monmouth Real Estate Investment stock opened at $17.32 on Friday. The company has a market cap of $1.70 billion, a PE ratio of -34.64 and a beta of 0.75. The company’s 50-day moving average is $15.69 and its two-hundred day moving average is $14.61. The company has a current ratio of 10.46, a quick ratio of 10.46 and a debt-to-equity ratio of 1.55. Monmouth Real Estate Investment Co. has a 1 year low of $8.42 and a 1 year high of $17.92.

Monmouth Real Estate Investment (NYSE:MNR) last posted its earnings results on Sunday, November 22nd. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.24). Monmouth Real Estate Investment had a negative return on equity of 3.69% and a negative net margin of 13.19%. Research analysts forecast that Monmouth Real Estate Investment Co. will post 0.86 EPS for the current year.

MNR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Monmouth Real Estate Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, December 1st. ValuEngine raised shares of Monmouth Real Estate Investment from a “sell” rating to a “hold” rating in a research report on Friday, September 11th. National Securities assumed coverage on shares of Monmouth Real Estate Investment in a research note on Monday, October 26th. They issued a “buy” rating and a $18.00 target price for the company. Berenberg Bank started coverage on shares of Monmouth Real Estate Investment in a research note on Wednesday, October 28th. They issued a “buy” rating and a $17.00 target price for the company. Finally, B. Riley boosted their price objective on shares of Monmouth Real Estate Investment from $18.00 to $20.00 in a research note on Tuesday, December 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Monmouth Real Estate Investment presently has a consensus rating of “Hold” and an average price target of $16.33.

Monmouth Real Estate Investment Company Profile

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 119 properties containing a total of approximately 23.4 million rentable square feet, geographically diversified across 31 states.

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

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