Monmouth R.E. Inv. Corp. (MNR) Holdings Boosted by BlackRock Inc.

BlackRock Inc. raised its stake in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 6.6% during the 4th quarter, HoldingsChannel reports. The firm owned 6,702,654 shares of the real estate investment trust’s stock after acquiring an additional 412,946 shares during the quarter. BlackRock Inc. owned approximately 0.09% of Monmouth R.E. Inv. worth $119,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cornerstone Capital Inc. raised its position in shares of Monmouth R.E. Inv. by 27.1% in the third quarter. Cornerstone Capital Inc. now owns 243,805 shares of the real estate investment trust’s stock valued at $3,947,000 after buying an additional 51,945 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Monmouth R.E. Inv. by 9.9% in the third quarter. Principal Financial Group Inc. now owns 1,061,677 shares of the real estate investment trust’s stock valued at $17,189,000 after buying an additional 95,588 shares during the last quarter. First Trust Advisors LP raised its position in shares of Monmouth R.E. Inv. by 151.5% in the third quarter. First Trust Advisors LP now owns 54,007 shares of the real estate investment trust’s stock valued at $874,000 after buying an additional 32,533 shares during the last quarter. Aperio Group LLC raised its position in shares of Monmouth R.E. Inv. by 20.9% in the fourth quarter. Aperio Group LLC now owns 23,674 shares of the real estate investment trust’s stock valued at $421,000 after buying an additional 4,091 shares during the last quarter. Finally, Intrust Bank NA raised its position in shares of Monmouth R.E. Inv. by 26.1% in the fourth quarter. Intrust Bank NA now owns 18,147 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 3,752 shares during the last quarter. 65.35% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director Catherine B. Elflein acquired 3,460 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of $14.38 per share, for a total transaction of $49,754.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 3,672 shares of company stock valued at $52,752. 5.31% of the stock is owned by company insiders.

MNR has been the subject of a number of recent research reports. National Securities increased their target price on shares of Monmouth R.E. Inv. from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. B. Riley increased their target price on shares of Monmouth R.E. Inv. from $16.50 to $18.50 and gave the company a “buy” rating in a research report on Friday, December 1st. BMO Capital Markets reiterated a “hold” rating and issued a $18.00 target price on shares of Monmouth R.E. Inv. in a research report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.50.

Shares of Monmouth R.E. Inv. Corp. (NYSE MNR) opened at $14.31 on Monday. Monmouth R.E. Inv. Corp. has a 12-month low of $13.87 and a 12-month high of $18.45. The stock has a market cap of $1,111.77, a PE ratio of 35.78, a P/E/G ratio of 2.27 and a beta of 0.59. 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. (NYSE:MNR) last released its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.04). Monmouth R.E. Inv. had a return on equity of 9.08% and a net margin of 36.04%. The firm had revenue of $32.95 million for the quarter, compared to analyst estimates of $32.48 million. analysts predict that Monmouth R.E. Inv. Corp. will post 0.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 15th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.75%. The ex-dividend date was Wednesday, February 14th. Monmouth R.E. Inv.’s payout ratio is currently 170.00%.

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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.

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

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