Eugene W. Landy Sells 8,000 Shares of Monmouth R.E. Inv. Corp. (MNR) Stock

Monmouth R.E. Inv. Corp. (NYSE:MNR) Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $13.25, for a total transaction of $106,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NYSE:MNR traded up $0.06 during midday trading on Monday, hitting $13.23. 692,531 shares of the company’s stock traded hands, compared to its average volume of 557,560. The company has a current ratio of 7.46, a quick ratio of 7.46 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 2.03 and a beta of 0.80. Monmouth R.E. Inv. Corp. has a twelve month low of $11.88 and a twelve month high of $17.51.

Monmouth R.E. Inv. (NYSE:MNR) last posted its earnings results on Thursday, February 7th. The real estate investment trust reported ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.59). The business had revenue of $39.15 million for the quarter, compared to analyst estimates of $40.22 million. Monmouth R.E. Inv. had a net margin of 1.33% and a return on equity of 0.27%. On average, analysts predict that Monmouth R.E. Inv. Corp. will post 0.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 15th were issued a $0.17 dividend. The ex-dividend date was Thursday, February 14th. This represents a $0.68 dividend on an annualized basis and a yield of 5.14%. Monmouth R.E. Inv.’s dividend payout ratio is currently 78.16%.

Hedge funds have recently modified their holdings of the business. Private Capital Group LLC lifted its holdings in Monmouth R.E. Inv. by 212.2% in the 4th quarter. Private Capital Group LLC now owns 2,953 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,007 shares in the last quarter. First Quadrant L P CA acquired a new stake in shares of Monmouth R.E. Inv. in the 4th quarter valued at about $73,000. New York State Teachers Retirement System acquired a new stake in shares of Monmouth R.E. Inv. in the 4th quarter valued at about $84,000. Quantamental Technologies LLC acquired a new stake in shares of Monmouth R.E. Inv. in the 4th quarter valued at about $96,000. Finally, Ancora Advisors LLC bought a new stake in shares of Monmouth R.E. Inv. during the 3rd quarter valued at about $114,000. Hedge funds and other institutional investors own 68.38% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Boenning Scattergood set a $19.00 target price on shares of Monmouth R.E. Inv. and gave the company a “buy” rating in a report on Thursday, November 29th. ValuEngine lowered shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a report on Friday, November 30th. Finally, TheStreet lowered shares of Monmouth R.E. Inv. from a “b-” rating to a “c” rating in a report on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Monmouth R.E. Inv. has an average rating of “Hold” and a consensus price target of $17.20.

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Monmouth R.E. Inv. Company Profile

Monmouth Real Estate Investment Corp. engages in the ownership and management of real estate. It invests in single tenant, industrial buildings leased primarily to investment-grade tenants on long-term net leases. The company was founded by Eugene W. Landy in 1968 and is headquartered in Freehold, NJ.

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