Bessemer Group Inc. lifted its holdings in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) by 34.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 87,000 shares of the real estate investment trust’s stock after acquiring an additional 22,100 shares during the period. Bessemer Group Inc. owned approximately 0.12% of Monmouth Real Estate Investment Corporation worth $1,409,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MNR. Teachers Advisors LLC boosted its position in Monmouth Real Estate Investment Corporation by 10.5% in the second quarter. Teachers Advisors LLC now owns 144,373 shares of the real estate investment trust’s stock valued at $2,173,000 after buying an additional 13,679 shares during the last quarter. Boulegeris Investments Inc. boosted its position in Monmouth Real Estate Investment Corporation by 1.6% in the second quarter. Boulegeris Investments Inc. now owns 2,396,252 shares of the real estate investment trust’s stock valued at $36,063,000 after buying an additional 38,494 shares during the last quarter. IndexIQ Advisors LLC boosted its position in Monmouth Real Estate Investment Corporation by 14.4% in the second quarter. IndexIQ Advisors LLC now owns 81,205 shares of the real estate investment trust’s stock valued at $1,222,000 after buying an additional 10,211 shares during the last quarter. BlackRock Inc. boosted its position in Monmouth Real Estate Investment Corporation by 0.3% in the second quarter. BlackRock Inc. now owns 6,034,708 shares of the real estate investment trust’s stock valued at $90,823,000 after buying an additional 16,118 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in Monmouth Real Estate Investment Corporation by 16.2% in the second quarter. TIAA CREF Investment Management LLC now owns 448,861 shares of the real estate investment trust’s stock valued at $6,755,000 after buying an additional 62,460 shares during the last quarter. Institutional investors and hedge funds own 62.22% of the company’s stock.

A number of brokerages recently commented on MNR. B. Riley reiterated a “buy” rating on shares of Monmouth Real Estate Investment Corporation in a research report on Wednesday, November 1st. Zacks Investment Research lowered Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. BMO Capital Markets began coverage on Monmouth Real Estate Investment Corporation in a research report on Monday, September 11th. They issued a “market perform” rating and a $16.50 target price on the stock. National Securities reiterated a “buy” rating and issued a $18.00 target price (up previously from $16.50) on shares of Monmouth Real Estate Investment Corporation in a research report on Monday, August 21st. Finally, BidaskClub lowered Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Monmouth Real Estate Investment Corporation has a consensus rating of “Buy” and a consensus price target of $17.00.

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Monmouth Real Estate Investment Corporation (NYSE:MNR) opened at $17.39 on Wednesday. Monmouth Real Estate Investment Corporation has a twelve month low of $13.08 and a twelve month high of $17.45. The stock has a market capitalization of $1,256.04, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 2.68 and a beta of 0.51. The company has a debt-to-equity ratio of 1.51, a current ratio of 7.24 and a quick ratio of 7.24.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, November 14th. This is an increase from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 3.91%. Monmouth Real Estate Investment Corporation’s payout ratio is presently 213.33%.

In other Monmouth Real Estate Investment Corporation news, Chairman Eugene W. Landy sold 32,500 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $16.27, for a total value of $528,775.00. Following the completion of the transaction, the chairman now directly owns 880,705 shares of the company’s stock, valued at $14,329,070.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired 1,184 shares of company stock valued at $26,163 over the last three months. 5.31% of the stock is currently owned by corporate insiders.

About Monmouth Real Estate Investment Corporation

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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