Anchor Capital Advisors LLC Buys 190 Shares of Monmouth Real Estate Investment Corporation (MNR)

Anchor Capital Advisors LLC increased its position in shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,800 shares of the real estate investment trust’s stock after buying an additional 190 shares during the period. Anchor Capital Advisors LLC’s holdings in Monmouth Real Estate Investment Corporation were worth $343,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of Monmouth Real Estate Investment Corporation by 993.9% in the second quarter. Sei Investments Co. now owns 35,070 shares of the real estate investment trust’s stock worth $528,000 after buying an additional 31,864 shares during the period. Ingalls & Snyder LLC boosted its stake in shares of Monmouth Real Estate Investment Corporation by 3.5% in the second quarter. Ingalls & Snyder LLC now owns 121,520 shares of the real estate investment trust’s stock worth $1,829,000 after buying an additional 4,114 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Monmouth Real Estate Investment Corporation by 12.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 90,000 shares of the real estate investment trust’s stock worth $1,355,000 after buying an additional 10,000 shares during the period. Saratoga Research & Investment Management boosted its stake in shares of Monmouth Real Estate Investment Corporation by 1.6% in the second quarter. Saratoga Research & Investment Management now owns 29,120 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 465 shares during the period. Finally, Honkamp Krueger Financial Services Inc. boosted its stake in shares of Monmouth Real Estate Investment Corporation by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 49,035 shares of the real estate investment trust’s stock worth $738,000 after buying an additional 305 shares during the period. 58.35% of the stock is owned by institutional investors.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) traded up 0.13% during trading on Friday, hitting $15.13. 326,322 shares of the stock traded hands. The firm has a market cap of $1.12 billion, a P/E ratio of 50.94 and a beta of 0.51. Monmouth Real Estate Investment Corporation has a 52 week low of $12.89 and a 52 week high of $15.67. The company has a 50-day moving average of $15.28 and a 200-day moving average of $14.77.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last released its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The firm had revenue of $28.61 million during the quarter, compared to the consensus estimate of $28.81 million. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, analysts forecast that Monmouth Real Estate Investment Corporation will post $0.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, August 11th. This represents a $0.64 annualized dividend and a dividend yield of 4.23%. Monmouth Real Estate Investment Corporation’s dividend payout ratio is 213.33%.

ILLEGAL ACTIVITY NOTICE: This story was first published by BNB Daily and is owned by of BNB Daily. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.baseball-news-blog.com/2017/08/19/monmouth-real-estate-investment-corporation-mnr-shares-bought-by-anchor-capital-advisors-llc-updated.html.

A number of analysts recently issued reports on MNR shares. National Securities reissued a “buy” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research note on Thursday, May 4th. Zacks Investment Research cut Monmouth Real Estate Investment Corporation from a “strong-buy” rating to a “sell” rating in a research note on Thursday, May 11th. DA Davidson raised Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, May 18th. BidaskClub raised Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Finally, FBR & Co reissued an “outperform” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research note on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Monmouth Real Estate Investment Corporation presently has an average rating of “Buy” and a consensus price target of $16.20.

About Monmouth Real Estate Investment Corporation

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)

Receive News & Ratings for Monmouth Real Estate Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monmouth Real Estate Investment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply