Monmouth Real Estate Investment Corporation (NYSE:MNR) Shares Sold by Ronna Sue Cohen

Ronna Sue Cohen lowered its stake in Monmouth Real Estate Investment Corporation (NYSE:MNR) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 145,891 shares of the real estate investment trust’s stock after selling 860 shares during the period. Monmouth Real Estate Investment Corporation comprises 1.6% of Ronna Sue Cohen’s holdings, making the stock its 25th largest position. Ronna Sue Cohen’s holdings in Monmouth Real Estate Investment Corporation were worth $2,196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. boosted its position in Monmouth Real Estate Investment Corporation by 17.7% in the second quarter. Eqis Capital Management Inc. now owns 36,366 shares of the real estate investment trust’s stock valued at $547,000 after buying an additional 5,471 shares during the period. State of Alaska Department of Revenue purchased a new position in Monmouth Real Estate Investment Corporation during the second quarter valued at $584,000. Creative Planning boosted its position in Monmouth Real Estate Investment Corporation by 3.8% in the second quarter. Creative Planning now owns 25,692 shares of the real estate investment trust’s stock valued at $387,000 after buying an additional 952 shares during the period. Bank of Montreal Can boosted its position in Monmouth Real Estate Investment Corporation by 38.5% in the second quarter. Bank of Montreal Can now owns 60,102 shares of the real estate investment trust’s stock valued at $904,000 after buying an additional 16,702 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in Monmouth Real Estate Investment Corporation by 5.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 45,990 shares of the real estate investment trust’s stock valued at $656,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 59.68% of the company’s stock.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) traded down 0.52% during mid-day trading on Monday, reaching $15.34. 371,214 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $14.83 and its 200-day moving average price is $14.65. Monmouth Real Estate Investment Corporation has a 12-month low of $12.89 and a 12-month high of $15.46. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 48.54 and a beta of 0.51.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Friday, August 11th. Monmouth Real Estate Investment Corporation’s payout ratio is presently 200.01%.

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Several research firms recently weighed in on MNR. FBR & Co restated an “outperform” rating and set a $16.50 price target on shares of Monmouth Real Estate Investment Corporation in a report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Monmouth Real Estate Investment Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub upgraded shares of Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. DA Davidson upgraded shares of Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, May 18th. Finally, National Securities restated a “buy” rating and set a $16.50 price target on shares of Monmouth Real Estate Investment Corporation in a report on Thursday, May 4th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.79.

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.

Want to see what other hedge funds are holding MNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monmouth Real Estate Investment Corporation (NYSE:MNR).

Institutional Ownership by Quarter for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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