Wall Street analysts predict that Monmouth R.E. Inv. Corp. (NYSE:MNR) will report earnings of $0.22 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Monmouth R.E. Inv.’s earnings, with estimates ranging from $0.21 to $0.22. Monmouth R.E. Inv. reported earnings per share of $0.23 in the same quarter last year, which suggests a negative year over year growth rate of 4.3%. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, August 1st.
According to Zacks, analysts expect that Monmouth R.E. Inv. will report full year earnings of $0.88 per share for the current financial year, with EPS estimates ranging from $0.87 to $0.89. For the next fiscal year, analysts forecast that the business will report earnings of $0.93 per share, with EPS estimates ranging from $0.90 to $0.96. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Monmouth R.E. Inv..
Monmouth R.E. Inv. (NYSE:MNR) last released its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Monmouth R.E. Inv. had a net margin of 15.10% and a return on equity of 2.99%. The company had revenue of $39.31 million during the quarter, compared to analyst estimates of $40.31 million.
In other Monmouth R.E. Inv. news, Chairman Eugene W. Landy sold 8,000 shares of Monmouth R.E. Inv. stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $13.95, for a total transaction of $111,600.00. Following the transaction, the chairman now directly owns 894,735 shares of the company’s stock, valued at $12,481,553.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 1,579 shares of company stock worth $22,034 over the last three months. Insiders own 4.02% of the company’s stock.
Several hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can increased its position in Monmouth R.E. Inv. by 35.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 16,975 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 4,472 shares during the period. Pictet Asset Management Ltd. purchased a new position in Monmouth R.E. Inv. during the 1st quarter valued at $211,000. Wedbush Securities Inc. increased its position in Monmouth R.E. Inv. by 56.6% during the 1st quarter. Wedbush Securities Inc. now owns 47,656 shares of the real estate investment trust’s stock valued at $628,000 after purchasing an additional 17,231 shares during the period. Dimensional Fund Advisors LP increased its position in Monmouth R.E. Inv. by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,151,543 shares of the real estate investment trust’s stock valued at $14,279,000 after purchasing an additional 102,063 shares during the period. Finally, Two Sigma Investments LP increased its position in Monmouth R.E. Inv. by 168.8% during the 4th quarter. Two Sigma Investments LP now owns 763,137 shares of the real estate investment trust’s stock valued at $9,463,000 after purchasing an additional 479,234 shares during the period. 68.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MNR stock traded down $0.08 during trading hours on Monday, reaching $13.58. The stock had a trading volume of 412,758 shares, compared to its average volume of 471,161. The stock has a fifty day simple moving average of $13.79. The company has a quick ratio of 10.71, a current ratio of 10.71 and a debt-to-equity ratio of 1.37. Monmouth R.E. Inv. has a 12 month low of $11.88 and a 12 month high of $17.51. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.22 and a beta of 0.64.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Wednesday, August 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is presently 78.16%.
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.
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