RMR Advisors LLC Sells 20,000 Shares of Monmouth R.E. Inv. Corp. (MNR)

RMR Advisors LLC reduced its holdings in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 10.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,358 shares of the real estate investment trust’s stock after selling 20,000 shares during the period. RMR Advisors LLC owned about 0.19% of Monmouth R.E. Inv. worth $2,351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MNR. BlackRock Inc. raised its holdings in Monmouth R.E. Inv. by 12.1% in the fourth quarter. BlackRock Inc. now owns 8,336,117 shares of the real estate investment trust’s stock valued at $103,368,000 after buying an additional 898,719 shares during the period. Vanguard Group Inc boosted its holdings in Monmouth R.E. Inv. by 2.8% in the third quarter. Vanguard Group Inc now owns 7,951,515 shares of the real estate investment trust’s stock valued at $132,950,000 after acquiring an additional 214,442 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Monmouth R.E. Inv. by 2.8% in the third quarter. Vanguard Group Inc. now owns 7,951,515 shares of the real estate investment trust’s stock valued at $132,950,000 after acquiring an additional 214,442 shares during the last quarter. Northern Trust Corp boosted its holdings in Monmouth R.E. Inv. by 15.0% in the fourth quarter. Northern Trust Corp now owns 1,791,004 shares of the real estate investment trust’s stock valued at $22,208,000 after acquiring an additional 233,582 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Monmouth R.E. Inv. by 53.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,207,623 shares of the real estate investment trust’s stock valued at $14,975,000 after acquiring an additional 419,410 shares during the last quarter. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

In other Monmouth R.E. Inv. news, Chairman Eugene W. Landy sold 20,000 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $13.34, for a total transaction of $266,800.00. Following the completion of the transaction, the chairman now directly owns 918,733 shares of the company’s stock, valued at $12,255,898.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael P. Landy acquired 2,100 shares of Monmouth R.E. Inv. stock in a transaction on Tuesday, March 19th. The shares were purchased at an average cost of $13.18 per share, with a total value of $27,678.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 22,713 shares of company stock valued at $287,689 and sold 29,000 shares valued at $396,800. Corporate insiders own 4.02% of the company’s stock.

A number of research analysts have weighed in on MNR shares. ValuEngine upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Zacks Investment Research raised Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada started coverage on Monmouth R.E. Inv. in a report on Friday, March 29th. They set a “sector perform” rating and a $14.00 price target for the company. JPMorgan Chase & Co. started coverage on Monmouth R.E. Inv. in a report on Friday, March 8th. They set a “neutral” rating and a $14.00 price target for the company. Finally, Boenning Scattergood set a $18.00 price target on Monmouth R.E. Inv. and gave the stock a “buy” rating in a report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Monmouth R.E. Inv. has a consensus rating of “Hold” and an average target price of $16.67.

MNR stock traded down $0.04 during trading on Wednesday, reaching $13.13. 98,391 shares of the stock were exchanged, compared to its average volume of 452,209. Monmouth R.E. Inv. Corp. has a twelve month low of $11.88 and a twelve month high of $17.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.46 and a current ratio of 7.46. The company has a market cap of $1.23 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 2.04 and a beta of 0.79.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend is Tuesday, May 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is presently 78.16%.

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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. 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 21.6 million rentable square feet, geographically diversified across 30 states.

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

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