Michael P. Landy Buys 1,000 Shares of Monmouth R.E. Inv. Corp. (MNR) Stock

Monmouth R.E. Inv. Corp. (NYSE:MNR) insider Michael P. Landy purchased 1,000 shares of Monmouth R.E. Inv. Corp. stock in a transaction that occurred on Monday, March 27th. The shares were bought at an average price of $14.10 per share, for a total transaction of $14,100.00. Following the transaction, the insider now owns 348,479 shares in the company, valued at $4,913,553.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Michael P. Landy also recently made the following trade(s):

  • On Wednesday, February 15th, Michael P. Landy purchased 146 shares of Monmouth R.E. Inv. Corp. stock. The shares were bought at an average price of $13.70 per share, for a total transaction of $2,000.20.
  • On Tuesday, January 17th, Michael P. Landy purchased 142 shares of Monmouth R.E. Inv. Corp. stock. The shares were bought at an average price of $14.08 per share, for a total transaction of $1,999.36.

Shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) traded down 0.50% on Monday, reaching $14.07. 243,592 shares of the company traded hands. The company has a market capitalization of $998.53 million, a P/E ratio of 43.83 and a beta of 0.54. Monmouth R.E. Inv. Corp. has a one year low of $11.22 and a one year high of $15.35. The firm’s 50 day moving average is $14.36 and its 200 day moving average is $14.18.

Monmouth R.E. Inv. Corp. (NYSE:MNR) last posted its earnings results on Thursday, February 9th. The real estate investment trust reported $0.09 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.09. Monmouth R.E. Inv. Corp. had a return on equity of 7.87% and a net margin of 33.44%. The company earned $27.18 million during the quarter, compared to the consensus estimate of $23.17 million. During the same quarter last year, the firm earned $0.17 earnings per share. The company’s revenue was up 22.2% on a year-over-year basis. Analysts expect that Monmouth R.E. Inv. Corp. will post $0.35 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Monmouth R.E. Inv. Corp. (NYSE:MNR)

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, February 15th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Monday, February 13th. Monmouth R.E. Inv. Corp.’s dividend payout ratio is currently 193.95%.

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Several large investors have recently bought and sold shares of MNR. Boulegeris Investments Inc. increased its stake in Monmouth R.E. Inv. Corp. by 3.1% in the third quarter. Boulegeris Investments Inc. now owns 2,313,690 shares of the real estate investment trust’s stock worth $33,021,000 after buying an additional 69,859 shares in the last quarter. Albert D Mason Inc. increased its stake in Monmouth R.E. Inv. Corp. by 70.5% in the third quarter. Albert D Mason Inc. now owns 428,434 shares of the real estate investment trust’s stock worth $6,114,000 after buying an additional 177,187 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Monmouth R.E. Inv. Corp. by 5.6% in the third quarter. Bank of New York Mellon Corp now owns 823,077 shares of the real estate investment trust’s stock worth $11,744,000 after buying an additional 43,609 shares in the last quarter. Strs Ohio increased its stake in Monmouth R.E. Inv. Corp. by 0.5% in the third quarter. Strs Ohio now owns 116,278 shares of the real estate investment trust’s stock worth $1,659,000 after buying an additional 584 shares in the last quarter. Finally, KBC Group NV purchased a new stake in Monmouth R.E. Inv. Corp. during the third quarter worth $390,000. 56.86% of the stock is owned by institutional investors.

Several research analysts recently issued reports on the stock. DA Davidson set a $16.00 price target on shares of Monmouth R.E. Inv. Corp. and gave the stock a “hold” rating in a research report on Thursday, December 1st. BMO Capital Markets downgraded shares of Monmouth R.E. Inv. Corp. from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $16.00 to $15.00 in a research report on Friday, December 2nd. National Securities reiterated a “buy” rating and set a $16.50 price target (up previously from $16.00) on shares of Monmouth R.E. Inv. Corp. in a research report on Thursday, December 1st. Finally, Zacks Investment Research upgraded shares of Monmouth R.E. Inv. Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, December 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $15.67.

About Monmouth R.E. Inv. Corp.

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.

5 Day Chart for NYSE:MNR

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