Zacks: Analysts Expect Monmouth R.E. Inv. Corp. (MNR) to Post $0.25 Earnings Per Share

Wall Street analysts expect Monmouth R.E. Inv. Corp. (NYSE:MNR) to post earnings per share (EPS) of $0.25 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Monmouth R.E. Inv.’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.26. Monmouth R.E. Inv. reported earnings of $0.21 per share in the same quarter last year, which would indicate a positive year over year growth rate of 19%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, November 28th.

On average, analysts expect that Monmouth R.E. Inv. will report full year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $0.92. For the next financial year, analysts forecast that the business will post earnings of $1.00 per share, with EPS estimates ranging from $0.97 to $1.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Monmouth R.E. Inv..

Several analysts have commented on MNR shares. Boenning Scattergood reiterated a “buy” rating and set a $19.00 target price on shares of Monmouth R.E. Inv. in a research report on Friday, September 7th. Zacks Investment Research cut shares of Monmouth R.E. Inv. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine cut shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Finally, B. Riley upgraded shares of Monmouth R.E. Inv. from a “neutral” rating to a “buy” rating and dropped their target price for the company from $17.50 to $17.00 in a research report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Monmouth R.E. Inv. has an average rating of “Hold” and an average price target of $18.60.

In other news, Chairman Eugene W. Landy sold 8,000 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $16.84, for a total transaction of $134,720.00. Following the completion of the transaction, the chairman now directly owns 852,776 shares in the company, valued at approximately $14,360,747.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Umh Properties, Inc. acquired 9,396 shares of Monmouth R.E. Inv. stock in a transaction dated Monday, September 17th. The shares were acquired at an average price of $16.39 per share, with a total value of $154,000.44. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 12,414 shares of company stock valued at $201,001. Corporate insiders own 4.63% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Monmouth R.E. Inv. during the 1st quarter worth about $174,000. Amalgamated Bank acquired a new stake in Monmouth R.E. Inv. in the 2nd quarter valued at about $175,000. Campbell & CO Investment Adviser LLC acquired a new stake in Monmouth R.E. Inv. in the 2nd quarter valued at about $180,000. Dynamic Technology Lab Private Ltd acquired a new stake in Monmouth R.E. Inv. in the 2nd quarter valued at about $183,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Monmouth R.E. Inv. in the 2nd quarter valued at about $187,000. Institutional investors own 62.69% of the company’s stock.

Shares of Monmouth R.E. Inv. stock traded down $0.07 on Monday, hitting $14.94. 325,260 shares of the company’s stock traded hands, compared to its average volume of 651,499. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.12 and a beta of 0.67. Monmouth R.E. Inv. has a one year low of $13.87 and a one year high of $18.45. The company has a debt-to-equity ratio of 1.59, a quick ratio of 5.61 and a current ratio of 5.61.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Wednesday, November 14th. Monmouth R.E. Inv.’s dividend payout ratio is currently 89.47%.

Monmouth R.E. Inv. Company Profile

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. 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 20.5 million rentable square feet, geographically diversified across 30 states.

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Earnings History and Estimates for Monmouth R.E. Inv. (NYSE:MNR)

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