Monmouth Real Estate Investment Corporation (NYSE:MNR) – Research analysts at B. Riley issued their Q1 2018 earnings estimates for shares of Monmouth Real Estate Investment in a report released on Friday. B. Riley analyst C. Kucera forecasts that the real estate investment trust will post earnings per share of $0.23 for the quarter. B. Riley currently has a “Buy” rating and a $18.50 target price on the stock. B. Riley also issued estimates for Monmouth Real Estate Investment’s Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.91 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.97 EPS.

Monmouth Real Estate Investment (NYSE:MNR) last released its quarterly earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.12). The firm had revenue of $30.40 million for the quarter, compared to the consensus estimate of $30.91 million. Monmouth Real Estate Investment had a return on equity of 7.65% and a net margin of 30.84%. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share.

Several other analysts have also recently weighed in on MNR. Zacks Investment Research cut Monmouth Real Estate Investment from a “hold” rating to a “sell” rating in a report on Wednesday. National Securities reiterated a “buy” rating and issued a $18.00 target price (up from $16.50) on shares of Monmouth Real Estate Investment in a report on Monday, August 21st. Finally, BMO Capital Markets started coverage on Monmouth Real Estate Investment in a report on Monday, September 11th. They issued a “market perform” rating and a $16.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.25.

Monmouth Real Estate Investment (NYSE:MNR) traded down $0.56 during trading hours on Monday, hitting $17.63. The stock had a trading volume of 398,400 shares, compared to its average volume of 320,868. The company has a market capitalization of $1,392.79, a PE ratio of 23.62, a P/E/G ratio of 2.90 and a beta of 0.52. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.50 and a current ratio of 4.50. Monmouth Real Estate Investment has a 52 week low of $13.68 and a 52 week high of $18.45.

The firm 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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.86%. This is a boost from Monmouth Real Estate Investment’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, November 14th. Monmouth Real Estate Investment’s dividend payout ratio is presently 212.51%.

In other Monmouth Real Estate Investment news, Chairman Eugene W. Landy sold 32,500 shares of the 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 transaction, the chairman now directly owns 880,705 shares in the company, valued at approximately $14,329,070.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have acquired a total of 445 shares of company stock worth $7,004 over the last 90 days. Company insiders own 5.31% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC bought a new position in shares of Monmouth Real Estate Investment during the 3rd quarter worth approximately $457,000. Cornerstone Capital Inc. raised its position in shares of Monmouth Real Estate Investment by 27.1% during the third quarter. Cornerstone Capital Inc. now owns 243,805 shares of the real estate investment trust’s stock worth $3,947,000 after purchasing an additional 51,945 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Monmouth Real Estate Investment by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 917,622 shares of the real estate investment trust’s stock worth $14,856,000 after purchasing an additional 26,755 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Monmouth Real Estate Investment by 15.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 327,638 shares of the real estate investment trust’s stock worth $5,305,000 after purchasing an additional 43,877 shares during the period. Finally, Barings LLC acquired a new position in shares of Monmouth Real Estate Investment during the third quarter worth approximately $168,000. Hedge funds and other institutional investors own 66.64% of the company’s stock.

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Monmouth Real Estate Investment 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.

Earnings History and Estimates for Monmouth Real Estate Investment (NYSE:MNR)

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