Schroder Investment Management Group Takes Position in Monmouth R.E. Inv. Corp. (NYSE:MNR)

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Schroder Investment Management Group acquired a new position in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 5,958 shares of the real estate investment trust’s stock, valued at approximately $81,000.

Other large investors also recently made changes to their positions in the company. Pecaut & CO. lifted its stake in shares of Monmouth R.E. Inv. by 62.7% in the second quarter. Pecaut & CO. now owns 27,250 shares of the real estate investment trust’s stock worth $369,000 after acquiring an additional 10,500 shares during the period. Capital Investment Advisory Services LLC purchased a new position in shares of Monmouth R.E. Inv. during the second quarter valued at approximately $68,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Monmouth R.E. Inv. by 11.0% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,945 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 1,785 shares during the last quarter. Granite Investment Partners LLC boosted its holdings in Monmouth R.E. Inv. by 1.8% during the second quarter. Granite Investment Partners LLC now owns 1,076,992 shares of the real estate investment trust’s stock worth $14,593,000 after purchasing an additional 19,457 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in shares of Monmouth R.E. Inv. by 3.9% in the second quarter. Wasatch Advisors Inc. now owns 8,149,487 shares of the real estate investment trust’s stock valued at $110,426,000 after acquiring an additional 306,988 shares in the last quarter. Institutional investors own 68.53% of the company’s stock.

NYSE:MNR traded up $0.10 on Wednesday, reaching $14.08. 5,831 shares of the stock traded hands, compared to its average volume of 406,701. Monmouth R.E. Inv. Corp. has a 12 month low of $11.88 and a 12 month high of $17.42. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 16.15 and a beta of 0.64. The company’s fifty day simple moving average is $13.37 and its 200 day simple moving average is $13.57. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 1.34.

Monmouth R.E. Inv. (NYSE:MNR) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.25). Monmouth R.E. Inv. had a net margin of 6.08% and a return on equity of 1.18%. The company had revenue of $39.47 million for the quarter, compared to analysts’ expectations of $39.91 million. Equities analysts anticipate that Monmouth R.E. Inv. Corp. will post 0.87 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Wednesday, August 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is 78.16%.

In related news, Chairman Eugene W. Landy sold 8,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $13.02, for a total transaction of $104,160.00. Following the completion of the transaction, the chairman now owns 895,219 shares in the company, valued at $11,655,751.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders bought 6,142 shares of company stock valued at $80,806. Corporate insiders own 4.02% of the company’s stock.

A number of research firms have issued reports on MNR. Compass Point began coverage on Monmouth R.E. Inv. in a research report on Friday, September 6th. They issued a “buy” rating and a $16.50 target price for the company. BMO Capital Markets set a $15.00 target price on shares of Monmouth R.E. Inv. and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research cut Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Monmouth R.E. Inv. currently has an average rating of “Hold” and an average target price of $15.67.

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

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