Schroder Investment Management Group purchased a new stake in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,244 shares of the real estate investment trust’s stock, valued at approximately $182,000.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Monmouth R.E. Inv. by 24.4% during the first quarter. Bank of America Corp DE now owns 30,788 shares of the real estate investment trust’s stock worth $440,000 after purchasing an additional 6,032 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Monmouth R.E. Inv. by 38.5% during the second quarter. Bank of Montreal Can now owns 60,102 shares of the real estate investment trust’s stock worth $904,000 after purchasing an additional 16,702 shares in the last quarter. Aperio Group LLC lifted its position in shares of Monmouth R.E. Inv. by 3.3% during the second quarter. Aperio Group LLC now owns 20,782 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 671 shares in the last quarter. US Bancorp DE lifted its position in shares of Monmouth R.E. Inv. by 172.8% during the second quarter. US Bancorp DE now owns 12,682 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 8,034 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Monmouth R.E. Inv. by 148.6% during the second quarter. Russell Investments Group Ltd. now owns 105,408 shares of the real estate investment trust’s stock worth $1,586,000 after purchasing an additional 63,006 shares in the last quarter. 63.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Monmouth R.E. Inv. Corp. (NYSE MNR) opened at $17.54 on Wednesday. The stock has a market cap of $1,382.83, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.88 and a beta of 0.52. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 1.52. Monmouth R.E. Inv. Corp. has a twelve month low of $13.68 and a twelve month high of $18.45.

Monmouth R.E. Inv. (NYSE:MNR) last posted its quarterly earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.12). Monmouth R.E. Inv. had a net margin of 30.84% and a return on equity of 7.65%. The company had revenue of $30.40 million during the quarter, compared to analyst estimates of $30.91 million. During the same period in the prior year, the company earned $0.22 earnings per share. The company’s revenue was up 19.2% on a year-over-year basis. equities analysts predict that Monmouth R.E. Inv. Corp. will post 0.9 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.17 per share. This is a positive change from Monmouth R.E. Inv.’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, November 14th. This represents a $0.68 annualized dividend and a yield of 3.88%. Monmouth R.E. Inv.’s payout ratio is presently 212.51%.

In other Monmouth R.E. Inv. news, insider Michael P. Landy bought 1,400 shares of the stock in a transaction on Tuesday, December 19th. The stock was purchased at an average price of $18.05 per share, for a total transaction of $25,270.00. Following the completion of the purchase, the insider now directly owns 370,977 shares in the company, valued at $6,696,134.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Umh Properties, Inc. bought 9,053 shares of the stock in a transaction on Friday, December 15th. The shares were acquired at an average price of $17.01 per share, with a total value of $153,991.53. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 10,761 shares of company stock valued at $184,267. 5.31% of the stock is owned by insiders.

MNR has been the topic of a number of recent research reports. National Securities boosted their target price on shares of Monmouth R.E. Inv. from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research raised shares of Monmouth R.E. Inv. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, October 4th. B. Riley upped their price target on shares of Monmouth R.E. Inv. from $16.50 to $18.50 and gave the company a “buy” rating in a report on Friday, December 1st. Finally, BMO Capital Markets initiated coverage on shares of Monmouth R.E. Inv. in a report on Monday, September 11th. They issued a “market perform” rating and a $16.50 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $17.58.

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About Monmouth R.E. Inv.

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 R.E. Inv. (NYSE:MNR)

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