Monmouth R.E. Inv. Corp. (NYSE:MNR) Shares Sold by Barclays PLC

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Barclays PLC reduced its stake in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 15.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,662 shares of the real estate investment trust’s stock after selling 24,594 shares during the quarter. Barclays PLC’s holdings in Monmouth R.E. Inv. were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MNR. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Monmouth R.E. Inv. by 80.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 108,955 shares of the real estate investment trust’s stock worth $1,476,000 after purchasing an additional 48,576 shares during the last quarter. HM Payson & Co. acquired a new position in shares of Monmouth R.E. Inv. during the 2nd quarter worth $81,000. State of New Jersey Common Pension Fund D boosted its position in shares of Monmouth R.E. Inv. by 152.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 315,200 shares of the real estate investment trust’s stock worth $4,542,000 after buying an additional 190,200 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Monmouth R.E. Inv. by 95.6% in the 3rd quarter. California Public Employees Retirement System now owns 196,716 shares of the real estate investment trust’s stock worth $2,835,000 after buying an additional 96,125 shares in the last quarter. Finally, LPL Financial LLC grew its stake in Monmouth R.E. Inv. by 23.2% in the 2nd quarter. LPL Financial LLC now owns 52,368 shares of the real estate investment trust’s stock valued at $710,000 after acquiring an additional 9,854 shares during the last quarter. 68.72% of the stock is owned by institutional investors.

In other news, insider Umh Properties, Inc. acquired 17,810 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average price of $13.70 per share, with a total value of $243,997.00. Over the last 90 days, insiders acquired 20,310 shares of company stock worth $279,317. 4.02% of the stock is owned by insiders.

Several equities analysts have weighed in on MNR shares. B. Riley restated a “buy” rating and set a $17.00 target price on shares of Monmouth R.E. Inv. in a report on Wednesday, November 27th. Zacks Investment Research downgraded shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a report on Friday, November 29th. Finally, Compass Point started coverage on shares of Monmouth R.E. Inv. in a research report on Friday, September 6th. They issued a “buy” rating and a $16.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.67.

NYSE MNR opened at $15.25 on Friday. The company has a quick ratio of 9.16, a current ratio of 9.16 and a debt-to-equity ratio of 1.27. Monmouth R.E. Inv. Corp. has a fifty-two week low of $11.88 and a fifty-two week high of $15.50. The business has a fifty day moving average of $14.86 and a 200-day moving average of $14.07. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 17.94 and a beta of 0.62.

Monmouth R.E. Inv. (NYSE:MNR) last posted its quarterly earnings data on Monday, November 25th. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $40.60 million for the quarter, compared to analyst estimates of $40.22 million. Monmouth R.E. Inv. had a return on equity of 3.00% and a net margin of 15.80%. As a group, analysts anticipate that Monmouth R.E. Inv. Corp. will post 0.92 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.68 dividend on an annualized basis and a yield of 4.46%. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is 80.00%.

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.

Read More: The Discount Rate – What You Need to Know

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

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