JRM Investment Counsel LLC raised its stake in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 244,914 shares of the real estate investment trust’s stock after buying an additional 1,368 shares during the period. Monmouth Real Estate Investment Corporation makes up 2.9% of JRM Investment Counsel LLC’s holdings, making the stock its 13th largest position. JRM Investment Counsel LLC owned about 0.34% of Monmouth Real Estate Investment Corporation worth $3,686,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. UBS Asset Management Americas Inc. boosted its stake in shares of Monmouth Real Estate Investment Corporation by 2.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 99,311 shares of the real estate investment trust’s stock valued at $1,514,000 after buying an additional 2,234 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Monmouth Real Estate Investment Corporation by 31.7% in the fourth quarter. Teachers Advisors LLC now owns 146,812 shares of the real estate investment trust’s stock worth $2,237,000 after buying an additional 35,311 shares during the period. Bank of Montreal Can boosted its stake in shares of Monmouth Real Estate Investment Corporation by 19.6% in the first quarter. Bank of Montreal Can now owns 43,400 shares of the real estate investment trust’s stock worth $619,000 after buying an additional 7,098 shares during the period. Strs Ohio boosted its stake in shares of Monmouth Real Estate Investment Corporation by 1.9% in the first quarter. Strs Ohio now owns 123,320 shares of the real estate investment trust’s stock worth $1,759,000 after buying an additional 2,350 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of 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. 60.54% of the stock is currently owned by institutional investors.

Monmouth Real Estate Investment Corporation (NYSE MNR) traded up 0.25% during mid-day trading on Wednesday, reaching $15.74. The company had a trading volume of 43,905 shares. Monmouth Real Estate Investment Corporation has a 12 month low of $12.89 and a 12 month high of $15.89. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 53.00 and a beta of 0.51. The firm’s 50 day moving average price is $15.33 and its 200-day moving average price is $14.81.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. The company had revenue of $28.61 million for the quarter, compared to analysts’ expectations of $28.81 million. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share. Equities research analysts anticipate that Monmouth Real Estate Investment Corporation will post $0.33 earnings per share for the current year.

The firm 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. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.08%. Monmouth Real Estate Investment Corporation’s dividend payout ratio (DPR) is presently 213.33%.

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Several brokerages recently issued reports on MNR. Zacks Investment Research raised Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, August 16th. FBR & Co reissued an “outperform” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a report on Tuesday, July 11th. National Securities reissued a “buy” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a report on Thursday, May 4th. BidaskClub lowered Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, DA Davidson raised Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, May 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $16.50.

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.

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

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