Pacer Advisors Inc. Boosts Position in Monmouth R.E. Inv. Corp. (NYSE:MNR)

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Pacer Advisors Inc. lifted its stake in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 161.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,626 shares of the real estate investment trust’s stock after acquiring an additional 21,370 shares during the period. Pacer Advisors Inc.’s holdings in Monmouth R.E. Inv. were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC increased its position in shares of Monmouth R.E. Inv. by 132,971,100.0% during the 1st quarter. FMR LLC now owns 1,329,712 shares of the real estate investment trust’s stock worth $17,526,000 after purchasing an additional 1,329,711 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in shares of Monmouth R.E. Inv. during the 1st quarter worth about $9,434,000. Wasatch Advisors Inc. increased its position in shares of Monmouth R.E. Inv. by 3.9% during the 2nd quarter. Wasatch Advisors Inc. now owns 8,149,487 shares of the real estate investment trust’s stock worth $110,426,000 after purchasing an additional 306,988 shares during the last quarter. Granite Investment Partners LLC increased its position in shares of Monmouth R.E. Inv. by 17.3% during the 1st quarter. Granite Investment Partners LLC now owns 1,057,535 shares of the real estate investment trust’s stock worth $13,938,000 after purchasing an additional 156,003 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Monmouth R.E. Inv. during the 2nd quarter worth about $1,450,000. Institutional investors and hedge funds own 68.47% of the company’s stock.

A number of analysts recently issued reports on MNR shares. BMO Capital Markets set a $15.00 price objective on Monmouth R.E. Inv. and gave the stock a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research downgraded Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Compass Point started coverage on Monmouth R.E. Inv. in a research report on Friday, September 6th. They set a “buy” rating and a $16.50 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.67.

NYSE MNR traded up $0.11 during trading on Monday, hitting $14.46. The stock had a trading volume of 2,468 shares, compared to its average volume of 437,826. The company has a market capitalization of $1.37 billion, a PE ratio of 16.62 and a beta of 0.64. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 1.34. The firm has a 50 day moving average price of $13.39 and a 200 day moving average price of $13.57. Monmouth R.E. Inv. Corp. has a twelve month low of $11.88 and a twelve month high of $17.31.

Monmouth R.E. Inv. (NYSE:MNR) last released its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.25). The firm had revenue of $39.47 million during the quarter, compared to analyst estimates of $39.91 million. Monmouth R.E. Inv. had a net margin of 6.08% and a return on equity of 1.18%. On average, sell-side analysts anticipate that Monmouth R.E. Inv. Corp. will post 0.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend is Wednesday, August 14th. Monmouth R.E. Inv.’s dividend payout ratio is currently 78.16%.

In other Monmouth R.E. Inv. news, Chairman Eugene W. Landy sold 8,000 shares of Monmouth R.E. Inv. stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $13.02, for a total value of $104,160.00. Following the completion of the transaction, the chairman now directly owns 895,219 shares of the company’s stock, valued at approximately $11,655,751.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders acquired 5,990 shares of company stock valued at $78,807. 4.02% of the stock is currently owned by corporate insiders.

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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