First Allied Advisory Services Inc. Has $279,000 Position in Monmouth R.E. Inv. Corp. (MNR)

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First Allied Advisory Services Inc. boosted its stake in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 9.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,093 shares of the real estate investment trust’s stock after purchasing an additional 1,825 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Monmouth R.E. Inv. were worth $279,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Buffington Mohr McNeal acquired a new position in Monmouth R.E. Inv. during the 1st quarter worth $36,000. Private Capital Group LLC boosted its position in Monmouth R.E. Inv. by 212.2% during the 4th quarter. Private Capital Group LLC now owns 2,953 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 2,007 shares during the period. First Quadrant L P CA acquired a new position in Monmouth R.E. Inv. during the 4th quarter worth $73,000. New York State Teachers Retirement System acquired a new position in Monmouth R.E. Inv. during the 4th quarter worth $84,000. Finally, Quantamental Technologies LLC acquired a new position in Monmouth R.E. Inv. during the 4th quarter worth $96,000. Institutional investors and hedge funds own 67.06% of the company’s stock.

In other news, Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $13.95, for a total value of $111,600.00. Following the sale, the chairman now owns 894,735 shares of the company’s stock, valued at approximately $12,481,553.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Eugene W. Landy sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $13.34, for a total value of $266,800.00. Following the completion of the sale, the chairman now directly owns 918,733 shares in the company, valued at approximately $12,255,898.22. The disclosure for this sale can be found here. In the last three months, insiders bought 22,709 shares of company stock worth $287,691 and sold 37,000 shares worth $508,400. 4.02% of the stock is currently owned by insiders.

MNR opened at $14.23 on Friday. Monmouth R.E. Inv. Corp. has a one year low of $11.88 and a one year high of $17.51. The company has a debt-to-equity ratio of 1.37, a quick ratio of 10.71 and a current ratio of 10.71. The firm has a market capitalization of $1.34 billion, a PE ratio of 16.36, a PEG ratio of 2.22 and a beta of 0.79.

Monmouth R.E. Inv. (NYSE:MNR) last posted its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. Monmouth R.E. Inv. had a return on equity of 2.99% and a net margin of 15.10%. The company had revenue of $39.31 million for the quarter, compared to the consensus estimate of $40.31 million. On average, research analysts forecast that Monmouth R.E. Inv. Corp. will post 0.91 EPS for the current year.

The company 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 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Tuesday, May 14th. Monmouth R.E. Inv.’s dividend payout ratio is presently 78.16%.

A number of research analysts have issued reports on the company. TheStreet lowered Monmouth R.E. Inv. from a “b-” rating to a “c” rating in a research report on Friday, February 15th. Boenning Scattergood reiterated a “buy” rating and set a $17.50 price target on shares of Monmouth R.E. Inv. in a research report on Friday, May 10th. ValuEngine upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. began coverage on Monmouth R.E. Inv. in a research report on Friday, March 8th. They set a “neutral” rating and a $14.00 price target for the company. Finally, Zacks Investment Research downgraded Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.30.

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Monmouth R.E. Inv. 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 21.8 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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