Monmouth R.E. Inv. Corp. (NYSE:MNR) – Equities research analysts at B. Riley cut their Q3 2019 earnings per share estimates for shares of Monmouth R.E. Inv. in a report released on Monday, February 11th. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.25. B. Riley also issued estimates for Monmouth R.E. Inv.’s Q2 2020 earnings at $0.25 EPS, Q4 2020 earnings at $0.26 EPS and FY2020 earnings at $1.05 EPS.
Monmouth R.E. Inv. (NYSE:MNR) last issued its quarterly earnings data on Wednesday, November 28th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.15). Monmouth R.E. Inv. had a return on equity of 0.27% and a net margin of 1.33%. The firm had revenue of $36.60 million during the quarter, compared to analyst estimates of $38.18 million.
Shares of Monmouth R.E. Inv. stock opened at $13.64 on Tuesday. The company has a quick ratio of 7.46, a current ratio of 7.46 and a debt-to-equity ratio of 0.09. Monmouth R.E. Inv. has a 1-year low of $11.88 and a 1-year high of $17.51. The firm has a market capitalization of $1.27 billion, a PE ratio of 15.68, a PEG ratio of 2.03 and a beta of 0.83.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 15th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Thursday, February 14th. Monmouth R.E. Inv.’s payout ratio is 78.16%.
In other news, insider Michael P. Landy acquired 2,000 shares of Monmouth R.E. Inv. stock in a transaction dated Friday, November 30th. The stock was acquired at an average cost of $13.70 per share, for a total transaction of $27,400.00. Following the completion of the purchase, the insider now owns 407,747 shares of the company’s stock, valued at $5,586,133.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Umh Properties, Inc. acquired 11,958 shares of Monmouth R.E. Inv. stock in a transaction dated Monday, December 17th. The stock was purchased at an average price of $13.72 per share, with a total value of $164,063.76. The disclosure for this purchase can be found here. Insiders bought 16,252 shares of company stock valued at $222,263 over the last 90 days. 4.63% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in MNR. Private Capital Group LLC raised its stake in Monmouth R.E. Inv. by 212.2% during the 4th quarter. Private Capital Group LLC now owns 2,953 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 2,007 shares during the last quarter. First Quadrant L P CA acquired a new position in Monmouth R.E. Inv. during the 4th quarter valued at $73,000. New York State Teachers Retirement System acquired a new position in Monmouth R.E. Inv. during the 4th quarter valued at $84,000. Quantamental Technologies LLC acquired a new position in Monmouth R.E. Inv. during the 4th quarter valued at $96,000. Finally, Ancora Advisors LLC acquired a new position in Monmouth R.E. Inv. during the 3rd quarter valued at $114,000. Hedge funds and other institutional investors own 58.57% of the company’s stock.
About Monmouth R.E. Inv.
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize 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 113 properties containing a total of approximately 21.6 million rentable square feet, geographically diversified across 30 states.
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