Monmouth Real Estate Investment Corporation (MNR) Stake Reduced by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. reduced its position in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,528 shares of the real estate investment trust’s stock after selling 1,147 shares during the period. Mraz Amerine & Associates Inc. owned 0.10% of Monmouth Real Estate Investment Corporation worth $1,107,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new position in Monmouth Real Estate Investment Corporation during the fourth quarter worth approximately $108,000. SG Americas Securities LLC purchased a new position in Monmouth Real Estate Investment Corporation during the first quarter worth approximately $125,000. BTC Capital Management Inc. purchased a new position in Monmouth Real Estate Investment Corporation during the first quarter worth approximately $160,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Monmouth Real Estate Investment Corporation by 15.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,715 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 1,600 shares during the period. Finally, Financial Counselors Inc. purchased a new position in Monmouth Real Estate Investment Corporation during the first quarter worth approximately $171,000. Institutional investors own 58.35% of the company’s stock.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) opened at 15.13 on Friday. Monmouth Real Estate Investment Corporation has a 12 month low of $12.89 and a 12 month high of $15.67. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 50.94 and a beta of 0.51. The firm’s 50-day moving average is $15.28 and its 200 day moving average is $14.77.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The business had revenue of $28.61 million during the quarter, compared to the consensus estimate of $28.81 million. During the same period in the prior year, the company posted $0.19 EPS. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. Equities analysts expect that Monmouth Real Estate Investment Corporation will post $0.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.64 annualized dividend and a yield of 4.23%. Monmouth Real Estate Investment Corporation’s payout ratio is 213.33%.

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A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub lowered shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. FBR & Co reiterated an “outperform” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research report on Tuesday, July 11th. National Securities reiterated a “buy” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research report on Thursday, May 4th. Finally, DA Davidson upgraded shares of Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Thursday, May 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.20.

Monmouth Real Estate Investment Corporation 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.