Monmouth R.E. Inv. Corp. (NYSE:MNR) insider Michael P. Landy purchased 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average cost of $18.05 per share, for a total transaction of $25,270.00. Following the completion of the purchase, the insider now directly owns 370,977 shares in the company, valued at approximately $6,696,134.85. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Monmouth R.E. Inv. Corp. (NYSE MNR) opened at $17.05 on Friday. The firm has a market cap of $1,310.00, a P/E ratio of 53.28, a P/E/G ratio of 2.82 and a beta of 0.51. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.50 and a quick ratio of 4.50. Monmouth R.E. Inv. Corp. has a 1-year low of $13.68 and a 1-year high of $18.45.
Monmouth R.E. Inv. (NYSE:MNR) last posted its quarterly earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.12). The business had revenue of $30.40 million during the quarter, compared to analyst estimates of $30.91 million. Monmouth R.E. Inv. had a return on equity of 7.65% and a net margin of 30.84%. The business’s revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. equities analysts expect that Monmouth R.E. Inv. Corp. will post 0.9 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Barings LLC purchased a new stake in shares of Monmouth R.E. Inv. during the 3rd quarter worth $168,000. QS Investors LLC lifted its position in shares of Monmouth R.E. Inv. by 6.8% during the 2nd quarter. QS Investors LLC now owns 11,357 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 720 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Monmouth R.E. Inv. in the second quarter valued at $173,000. Intrust Bank NA purchased a new stake in Monmouth R.E. Inv. in the second quarter valued at $181,000. Finally, Schroder Investment Management Group purchased a new stake in Monmouth R.E. Inv. in the third quarter valued at $182,000. 63.11% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. BMO Capital Markets reissued a “hold” rating and issued a $18.00 target price on shares of Monmouth R.E. Inv. in a research note on Tuesday. Zacks Investment Research lowered shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. B. Riley raised their target price on shares of Monmouth R.E. Inv. from $16.50 to $18.50 and gave the stock a “buy” rating in a research note on Friday, December 1st. Finally, National Securities raised their price target on shares of Monmouth R.E. Inv. from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $17.83.
Monmouth R.E. Inv. Company 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.
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