Wasatch Advisors Inc. raised its holdings in Monmouth R.E. Inv. Corp. (NYSE:MNR) by 19.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,444,876 shares of the real estate investment trust’s stock after acquiring an additional 1,035,717 shares during the period. Monmouth R.E. Inv. makes up approximately 1.2% of Wasatch Advisors Inc.’s investment portfolio, making the stock its 24th largest position. Wasatch Advisors Inc. owned about 7.91% of Monmouth R.E. Inv. worth $107,758,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Amalgamated Bank acquired a new stake in shares of Monmouth R.E. Inv. during the 2nd quarter worth approximately $175,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Monmouth R.E. Inv. during the 2nd quarter worth approximately $180,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Monmouth R.E. Inv. during the 2nd quarter worth approximately $183,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Monmouth R.E. Inv. during the 2nd quarter worth approximately $187,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Monmouth R.E. Inv. during the 3rd quarter worth approximately $198,000. Institutional investors own 62.63% of the company’s stock.

Shares of NYSE:MNR traded up $0.04 during mid-day trading on Tuesday, reaching $15.10. 1,882 shares of the company were exchanged, compared to its average volume of 603,540. The company has a debt-to-equity ratio of 1.59, a quick ratio of 5.61 and a current ratio of 5.61. The stock has a market capitalization of $1.22 billion, a P/E ratio of 19.82, a PEG ratio of 2.13 and a beta of 0.67. Monmouth R.E. Inv. Corp. has a 1 year low of $13.87 and a 1 year high of $18.45.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.50%. Monmouth R.E. Inv.’s payout ratio is currently 89.47%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. ValuEngine upgraded shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. B. Riley upgraded shares of Monmouth R.E. Inv. from a “neutral” rating to a “buy” rating and cut their price target for the stock from $17.50 to $17.00 in a report on Tuesday, October 9th. Finally, Boenning Scattergood restated a “buy” rating and set a $19.00 price target on shares of Monmouth R.E. Inv. in a report on Friday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.60.

In related news, insider Umh Properties, Inc. acquired 9,396 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was purchased at an average price of $16.39 per share, with a total value of $154,000.44. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Eugene W. Landy sold 8,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $16.84, for a total transaction of $134,720.00. Following the transaction, the chairman now directly owns 852,776 shares of the company’s stock, valued at approximately $14,360,747.84. The disclosure for this sale can be found here. Insiders have purchased a total of 12,414 shares of company stock valued at $201,001 in the last ninety days. 4.63% of the stock is currently owned by corporate insiders.

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Monmouth R.E. Inv. Profile

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully-integrated and self-managed real estate company, whose property portfolio consists of 109 properties containing a total of approximately 20.5 million rentable square feet, geographically diversified across 30 states.

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Institutional Ownership by Quarter for Monmouth R.E. Inv. (NYSE:MNR)

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