Wall Street analysts expect Monmouth R.E. Inv. Corp. (NYSE:MNR) to report earnings per share of $0.22 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Monmouth R.E. Inv.’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.22. Monmouth R.E. Inv. also reported earnings per share of $0.22 in the same quarter last year. The firm is expected to report its next earnings report on Wednesday, November 27th.
According to Zacks, analysts expect that Monmouth R.E. Inv. will report full year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.87 to $0.88. For the next financial year, analysts anticipate that the company will report earnings of $0.92 per share, with EPS estimates ranging from $0.89 to $0.94. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Monmouth R.E. Inv..
Monmouth R.E. Inv. (NYSE:MNR) last released its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.25). The firm had revenue of $39.47 million during the quarter, compared to analyst estimates of $39.91 million. Monmouth R.E. Inv. had a return on equity of 1.18% and a net margin of 6.08%.
In related news, insider Umh Properties, Inc. acquired 17,810 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was bought at an average price of $13.70 per share, for a total transaction of $243,997.00. Also, Chairman Eugene W. Landy sold 8,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $13.02, for a total value of $104,160.00. Following the sale, the chairman now owns 895,219 shares of the company’s stock, valued at approximately $11,655,751.38. The disclosure for this sale can be found here. Insiders have bought a total of 23,186 shares of company stock valued at $313,774 in the last quarter. Insiders own 4.02% of the company’s stock.
Large investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Monmouth R.E. Inv. by 80.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 108,955 shares of the real estate investment trust’s stock valued at $1,476,000 after acquiring an additional 48,576 shares during the last quarter. Ingalls & Snyder LLC lifted its position in shares of Monmouth R.E. Inv. by 5.1% during the 2nd quarter. Ingalls & Snyder LLC now owns 107,555 shares of the real estate investment trust’s stock valued at $1,457,000 after acquiring an additional 5,196 shares during the last quarter. Pictet Asset Management Ltd. acquired a new stake in shares of Monmouth R.E. Inv. during the 1st quarter valued at $211,000. Granite Investment Partners LLC lifted its position in shares of Monmouth R.E. Inv. by 1.8% during the 2nd quarter. Granite Investment Partners LLC now owns 1,076,992 shares of the real estate investment trust’s stock valued at $14,593,000 after acquiring an additional 19,457 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its position in shares of Monmouth R.E. Inv. by 9.5% during the 1st quarter. First Allied Advisory Services Inc. now owns 21,093 shares of the real estate investment trust’s stock valued at $279,000 after acquiring an additional 1,825 shares during the last quarter. Institutional investors own 68.47% of the company’s stock.
MNR traded down $0.15 during trading on Friday, reaching $14.23. The stock had a trading volume of 574,013 shares, compared to its average volume of 419,636. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 16.36 and a beta of 0.64. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 1.34. Monmouth R.E. Inv. has a 1-year low of $11.88 and a 1-year high of $16.86. The stock has a 50 day moving average of $13.47 and a two-hundred day moving average of $13.60.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 15th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.78%. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is presently 78.16%.
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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