Albert D Mason Inc. Trims Holdings in Monmouth R.E. Inv. Corp. (MNR)

Albert D Mason Inc. trimmed its holdings in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 13.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,355 shares of the real estate investment trust’s stock after selling 8,900 shares during the quarter. Albert D Mason Inc. owned 0.07% of Monmouth R.E. Inv. worth $1,003,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teachers Advisors LLC grew its holdings in Monmouth R.E. Inv. by 10.5% during the 2nd quarter. Teachers Advisors LLC now owns 144,373 shares of the real estate investment trust’s stock worth $2,173,000 after acquiring an additional 13,679 shares during the last quarter. State Street Corp grew its holdings in Monmouth R.E. Inv. by 7.1% during the 2nd quarter. State Street Corp now owns 1,618,598 shares of the real estate investment trust’s stock worth $24,360,000 after acquiring an additional 107,580 shares during the last quarter. Cornerstone Capital Inc. grew its holdings in Monmouth R.E. Inv. by 27.1% during the 3rd quarter. Cornerstone Capital Inc. now owns 243,805 shares of the real estate investment trust’s stock worth $3,947,000 after acquiring an additional 51,945 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Monmouth R.E. Inv. by 0.3% in the 2nd quarter. BlackRock Inc. now owns 6,034,708 shares of the real estate investment trust’s stock valued at $90,823,000 after purchasing an additional 16,118 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Monmouth R.E. Inv. by 3.9% in the 3rd quarter. D.A. Davidson & CO. now owns 177,281 shares of the real estate investment trust’s stock valued at $2,870,000 after purchasing an additional 6,652 shares during the last quarter. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

Monmouth R.E. Inv. Corp. (MNR) remained flat at $$14.00 during trading hours on Thursday. 28,002 shares of the company’s stock traded hands, compared to its average volume of 411,006. The company has a debt-to-equity ratio of 1.50, a quick ratio of 6.85 and a current ratio of 6.85. Monmouth R.E. Inv. Corp. has a 12-month low of $13.68 and a 12-month high of $18.45. The company has a market capitalization of $1,090.00, a P/E ratio of 42.42, a price-to-earnings-growth ratio of 2.31 and a beta of 0.43.

Monmouth R.E. Inv. (NYSE:MNR) last posted its quarterly earnings data on Wednesday, November 29th. The real estate investment trust reported $0.22 FFOPS for the quarter, beating the Zacks’ consensus estimate of $0.21. Monmouth R.E. Inv. had a net margin of 36.04% and a return on equity of 9.08%. The company had revenue of $30.40 million for the quarter, compared to analyst estimates of $30.91 million. During the same period in the prior year, the firm posted $0.22 FFOPS. The company’s quarterly revenue was up 19.2% on a year-over-year basis. Analysts expect that Monmouth R.E. Inv. Corp. will post 0.89 funds from operations per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.86%. Monmouth R.E. Inv.’s payout ratio is presently 206.06%.

In related news, insider Michael P. Landy bought 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were bought at an average price of $18.05 per share, for a total transaction of $25,270.00. Following the transaction, the insider now directly owns 370,977 shares of the company’s stock, valued at $6,696,134.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Umh Properties, Inc. bought 9,053 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of $17.01 per share, for a total transaction of $153,991.53. The disclosure for this purchase can be found here. Insiders have purchased a total of 10,512 shares of company stock worth $180,265 in the last quarter. 5.31% of the stock is owned by corporate insiders.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. B. Riley lowered shares of Monmouth R.E. Inv. from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $18.50 to $16.50 in a research note on Friday, February 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Monmouth R.E. Inv. in a research note on Tuesday, January 9th. Finally, National Securities upped their price objective on shares of Monmouth R.E. Inv. from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Monmouth R.E. Inv. currently has an average rating of “Hold” and an average price target of $17.50.

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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.

Institutional Ownership by Quarter for Monmouth R.E. Inv. (NYSE:MNR)

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