Dynamic Technology Lab Private Ltd bought a new position in Monmouth Real Estate Investment Corporation (NYSE:MNR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,206 shares of the real estate investment trust’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Emerald Advisers Inc. PA purchased a new stake in shares of Monmouth Real Estate Investment during the third quarter valued at approximately $11,426,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Monmouth Real Estate Investment during the third quarter valued at approximately $8,474,000. Renaissance Technologies LLC boosted its stake in shares of Monmouth Real Estate Investment by 22.5% during the second quarter. Renaissance Technologies LLC now owns 1,674,797 shares of the real estate investment trust’s stock valued at $25,206,000 after purchasing an additional 307,197 shares during the period. Vanguard Group Inc. boosted its stake in shares of Monmouth Real Estate Investment by 3.8% during the second quarter. Vanguard Group Inc. now owns 7,955,098 shares of the real estate investment trust’s stock valued at $119,724,000 after purchasing an additional 287,857 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Monmouth Real Estate Investment during the second quarter valued at approximately $3,897,000. 66.64% of the stock is owned by institutional investors and hedge funds.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) traded down $0.56 during trading on Wednesday, hitting $17.63. The company had a trading volume of 398,400 shares, compared to its average volume of 320,868. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.50 and a current ratio of 4.50. The company has a market capitalization of $1,392.79, a P/E ratio of 23.62, a PEG ratio of 2.90 and a beta of 0.52. Monmouth Real Estate Investment Corporation has a one year low of $13.68 and a one year high of $18.45.

Monmouth Real Estate Investment (NYSE:MNR) last announced its earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The business had revenue of $30.40 million for the quarter, compared to the consensus estimate of $30.91 million. Monmouth Real Estate Investment had a net margin of 30.84% and a return on equity of 7.65%. Monmouth Real Estate Investment’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. equities analysts predict that Monmouth Real Estate Investment Corporation will post 0.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Monmouth Real Estate Investment’s previous quarterly dividend of $0.16. Monmouth Real Estate Investment’s dividend payout ratio is currently 212.51%.

A number of research firms have recently weighed in on MNR. B. Riley reissued a “buy” rating on shares of Monmouth Real Estate Investment in a research note on Wednesday, November 1st. Zacks Investment Research lowered Monmouth Real Estate Investment from a “hold” rating to a “sell” rating in a research note on Wednesday. National Securities reissued a “buy” rating and set a $18.00 price objective (up previously from $16.50) on shares of Monmouth Real Estate Investment in a research note on Monday, August 21st. Finally, BMO Capital Markets began coverage on Monmouth Real Estate Investment in a research note on Monday, September 11th. They set a “market perform” rating and a $16.50 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.25.

In related news, Chairman Eugene W. Landy sold 32,500 shares of the company’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 transaction of $528,775.00. Following the completion of the transaction, the chairman now owns 880,705 shares in the company, valued at $14,329,070.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have purchased 445 shares of company stock valued at $7,004. 5.31% of the stock is owned by corporate insiders.

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About Monmouth Real Estate Investment

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.

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

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