Gamco Investors INC. ET AL Has $1.59 Million Stock Position in Monmouth R.E. Inv. Corp. (NYSE:MNR)

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Gamco Investors INC. ET AL raised its stake in Monmouth R.E. Inv. Corp. (NYSE:MNR) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,500 shares of the real estate investment trust’s stock after buying an additional 3,500 shares during the period. Gamco Investors INC. ET AL’s holdings in Monmouth R.E. Inv. were worth $1,592,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MNR. FMR LLC boosted its position in Monmouth R.E. Inv. by 132,971,100.0% in the first quarter. FMR LLC now owns 1,329,712 shares of the real estate investment trust’s stock valued at $17,526,000 after buying an additional 1,329,711 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Monmouth R.E. Inv. during the second quarter valued at $147,000. Ingalls & Snyder LLC raised its stake in shares of Monmouth R.E. Inv. by 5.1% during the second quarter. Ingalls & Snyder LLC now owns 107,555 shares of the real estate investment trust’s stock valued at $1,457,000 after acquiring an additional 5,196 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Monmouth R.E. Inv. by 254.6% during the second quarter. Nisa Investment Advisors LLC now owns 31,325 shares of the real estate investment trust’s stock valued at $424,000 after acquiring an additional 22,490 shares during the last quarter. Finally, North Star Investment Management Corp. raised its stake in shares of Monmouth R.E. Inv. by 5.0% during the second quarter. North Star Investment Management Corp. now owns 261,127 shares of the real estate investment trust’s stock valued at $3,538,000 after acquiring an additional 12,374 shares during the last quarter. Hedge funds and other institutional investors own 68.78% of the company’s stock.

NYSE MNR traded down $0.03 during mid-day trading on Friday, reaching $14.72. 214,746 shares of the stock were exchanged, compared to its average volume of 434,554. Monmouth R.E. Inv. Corp. has a one year low of $11.88 and a one year high of $15.23. The stock has a 50 day simple moving average of $14.58 and a 200-day simple moving average of $13.92. The stock has a market cap of $1.42 billion, a P/E ratio of 16.92 and a beta of 0.62. The company has a debt-to-equity ratio of 1.34, a current ratio of 6.64 and a quick ratio of 6.64.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Thursday, November 14th. Monmouth R.E. Inv.’s dividend payout ratio is presently 78.16%.

MNR has been the subject of several analyst reports. Zacks Investment Research raised shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a research note on Saturday. B. Riley reaffirmed a “buy” rating on shares of Monmouth R.E. Inv. in a research note on Tuesday, October 15th. Compass Point initiated coverage on shares of Monmouth R.E. Inv. in a research note on Friday, September 6th. They set a “buy” rating and a $16.50 price target for the company. Finally, BMO Capital Markets set a $15.00 price target on shares of Monmouth R.E. Inv. and gave the company a “hold” rating in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.40.

In other Monmouth R.E. Inv. news, Chairman Eugene W. Landy sold 8,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $13.02, for a total value of $104,160.00. Following the completion of the sale, the chairman now directly owns 895,219 shares in the company, valued at $11,655,751.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Umh Properties, Inc. purchased 17,810 shares of Monmouth R.E. Inv. stock in a transaction on Monday, September 16th. The stock was bought at an average price of $13.70 per share, with a total value of $243,997.00. Insiders have purchased 24,880 shares of company stock valued at $338,088 in the last three months. 4.02% of the stock is owned by insiders.

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 21.8 million rentable square feet, geographically diversified across 30 states.

See Also: G-20

Want to see what other hedge funds are holding MNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monmouth R.E. Inv. Corp. (NYSE:MNR).

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

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