$0.21 EPS Expected for Monmouth Real Estate Investment Corporation (MNR) This Quarter

Equities analysts forecast that Monmouth Real Estate Investment Corporation (NYSE:MNR) will announce earnings of $0.21 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Monmouth Real Estate Investment Corporation’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.22. Monmouth Real Estate Investment Corporation reported earnings of $0.07 per share in the same quarter last year, which indicates a positive year over year growth rate of 200%. The company is scheduled to report its next quarterly earnings report on Monday, November 27th.

According to Zacks, analysts expect that Monmouth Real Estate Investment Corporation will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.79. For the next year, analysts anticipate that the company will post earnings of $0.92 per share, with EPS estimates ranging from $0.88 to $0.97. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Monmouth Real Estate Investment Corporation.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. Monmouth Real Estate Investment Corporation had a net margin of 32.02% and a return on equity of 7.91%. The business had revenue of $28.61 million during the quarter, compared to analysts’ expectations of $28.81 million. During the same period in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was up 18.7% on a year-over-year basis.

Several equities analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Monmouth Real Estate Investment Corporation in a research note on Monday, September 11th. They issued a “market perform” rating and a $16.50 target price for the company. National Securities reiterated a “buy” rating and issued a $18.00 target price (up from $16.50) on shares of Monmouth Real Estate Investment Corporation in a research note on Monday, August 21st. Zacks Investment Research cut shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. BidaskClub cut shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, FBR & Co reiterated an “outperform” rating and issued a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research note on Tuesday, July 11th. Two 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 $17.00.

Shares of Monmouth Real Estate Investment Corporation (MNR) traded up 0.60% during mid-day trading on Tuesday, reaching $16.85. 20,278 shares of the company’s stock were exchanged. The company has a market capitalization of $1.18 billion, a PE ratio of 54.35 and a beta of 0.50. Monmouth Real Estate Investment Corporation has a one year low of $12.91 and a one year high of $16.85. The company’s 50-day moving average price is $16.21 and its 200-day moving average price is $15.25.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a positive change from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. Monmouth Real Estate Investment Corporation’s payout ratio is presently 213.33%.

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In other news, Chairman Eugene W. Landy sold 32,500 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $16.27, for a total transaction of $528,775.00. Following the completion of the sale, the chairman now owns 880,705 shares of the company’s stock, valued at $14,329,070.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 1,827 shares of company stock valued at $35,170 in the last ninety days. Insiders own 5.31% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Boulegeris Investments Inc. grew its holdings in shares of Monmouth Real Estate Investment Corporation by 1.6% during the second quarter. Boulegeris Investments Inc. now owns 2,396,252 shares of the real estate investment trust’s stock worth $36,063,000 after buying an additional 38,494 shares in the last quarter. IndexIQ Advisors LLC grew its holdings in shares of Monmouth Real Estate Investment Corporation by 14.4% during the second quarter. IndexIQ Advisors LLC now owns 81,205 shares of the real estate investment trust’s stock worth $1,222,000 after buying an additional 10,211 shares in the last quarter. State Street Corp grew its holdings in shares of Monmouth Real Estate Investment Corporation by 17.1% during the first quarter. State Street Corp now owns 1,511,018 shares of the real estate investment trust’s stock worth $21,566,000 after buying an additional 220,934 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Monmouth Real Estate Investment Corporation by 17.7% during the second quarter. Eqis Capital Management Inc. now owns 36,366 shares of the real estate investment trust’s stock worth $547,000 after buying an additional 5,471 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Monmouth Real Estate Investment Corporation by 3.5% during the first quarter. Vanguard Group Inc. now owns 7,667,241 shares of the real estate investment trust’s stock worth $109,412,000 after buying an additional 257,768 shares in the last quarter. 60.56% of the stock is owned by institutional investors and hedge funds.

About Monmouth Real Estate Investment Corporation

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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Earnings History and Estimates for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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