Monmouth Real Estate Investment Corporation (NYSE:MNR) Position Maintained by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System held its position in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) during the first quarter, according to its most recent filing with the SEC. The firm owned 41,197 shares of the real estate investment trust’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System owned about 0.06% of Monmouth Real Estate Investment Corporation worth $588,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MNR. State Street Corp increased its stake in shares of Monmouth Real Estate Investment Corporation by 9.6% in the fourth quarter. State Street Corp now owns 1,290,084 shares of the real estate investment trust’s stock valued at $19,660,000 after buying an additional 112,701 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Monmouth Real Estate Investment Corporation by 42.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,196,500 shares of the real estate investment trust’s stock valued at $18,235,000 after buying an additional 357,100 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Monmouth Real Estate Investment Corporation by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 782,461 shares of the real estate investment trust’s stock valued at $11,924,000 after buying an additional 28,883 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Monmouth Real Estate Investment Corporation by 1.3% in the fourth quarter. AQR Capital Management LLC now owns 321,751 shares of the real estate investment trust’s stock valued at $4,903,000 after buying an additional 4,031 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Monmouth Real Estate Investment Corporation by 9.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 227,304 shares of the real estate investment trust’s stock valued at $3,410,000 after buying an additional 19,274 shares during the last quarter. Institutional investors and hedge funds own 59.65% of the company’s stock.

Shares of Monmouth Real Estate Investment Corporation (NYSE MNR) traded up 1.38% during mid-day trading on Friday, reaching $15.42. 344,711 shares of the company’s stock were exchanged. Monmouth Real Estate Investment Corporation has a 1-year low of $12.89 and a 1-year high of $15.46. The stock has a market capitalization of $1.12 billion, a PE ratio of 48.80 and a beta of 0.51. The company’s 50 day moving average is $14.83 and its 200 day moving average is $14.65.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Friday, August 11th. Monmouth Real Estate Investment Corporation’s payout ratio is 200.01%.

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Several analysts have recently commented on MNR shares. Zacks Investment Research upgraded shares of Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, April 12th. BidaskClub upgraded shares of Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. DA Davidson upgraded shares of Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, May 18th. National Securities restated a “buy” rating and set a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a research report on Thursday, May 4th. Finally, FBR & Co restated an “outperform” rating and set a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.79.

In related news, Director Steven B. Wolgin acquired 4,640 shares of the firm’s stock in a transaction on Monday, April 17th. The shares were acquired at an average cost of $14.01 per share, with a total value of $65,006.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have acquired 5,787 shares of company stock worth $81,547. Insiders own 5.31% of the company’s stock.

Monmouth Real Estate Investment Corporation Company Profile

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 Real Estate Investment Corporation (NYSE:MNR)

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