Monmouth R.E. Inv. Corp. Forecasted to Earn Q3 2019 Earnings of $0.21 Per Share (NYSE:MNR)

Monmouth R.E. Inv. Corp. (NYSE:MNR) – Analysts at DA Davidson lowered their Q3 2019 EPS estimates for Monmouth R.E. Inv. in a note issued to investors on Friday, June 14th. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will earn $0.21 per share for the quarter, down from their prior estimate of $0.22. DA Davidson also issued estimates for Monmouth R.E. Inv.’s Q4 2019 earnings at $0.22 EPS and FY2020 earnings at $0.96 EPS.

A number of other equities research analysts have also weighed in on MNR. ValuEngine lowered shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a report on Friday, March 1st. JPMorgan Chase & Co. started coverage on shares of Monmouth R.E. Inv. in a report on Friday, March 8th. They set a “neutral” rating and a $14.00 price objective for the company. Royal Bank of Canada started coverage on shares of Monmouth R.E. Inv. in a report on Friday, March 29th. They set a “sector perform” rating and a $14.00 price objective for the company. Zacks Investment Research upgraded shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Boenning Scattergood restated a “buy” rating and issued a $17.50 price target on shares of Monmouth R.E. Inv. in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.30.

Shares of MNR opened at $13.74 on Monday. Monmouth R.E. Inv. has a 1-year low of $11.88 and a 1-year high of $17.51. The stock has a market cap of $1.29 billion, a P/E ratio of 15.79, a P/E/G ratio of 2.23 and a beta of 0.72. The company has a debt-to-equity ratio of 1.37, a current ratio of 10.71 and a quick ratio of 10.71.

Monmouth R.E. Inv. (NYSE:MNR) last announced its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.26 earnings per share 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.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.68 annualized dividend and a dividend yield of 4.95%. Monmouth R.E. Inv.’s dividend payout ratio is currently 78.16%.

In other Monmouth R.E. Inv. news, insider Michael P. Landy purchased 2,100 shares of Monmouth R.E. Inv. stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average price of $13.18 per share, for a total transaction of $27,678.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $13.95, for a total transaction of $111,600.00. Following the completion of the sale, the chairman now owns 894,735 shares of the company’s stock, valued at approximately $12,481,553.25. The disclosure for this sale can be found here. In the last 90 days, insiders bought 3,185 shares of company stock valued at $41,689. Company insiders own 4.02% of the company’s stock.

Several large investors have recently bought and sold shares of MNR. Buffington Mohr McNeal bought a new position in shares of Monmouth R.E. Inv. during the 1st quarter worth approximately $36,000. Mid Atlantic Financial Management Inc. ADV bought a new position in shares of Monmouth R.E. Inv. during the 1st quarter worth approximately $150,000. Amalgamated Bank bought a new position in shares of Monmouth R.E. Inv. during the 4th quarter worth approximately $142,000. Hsbc Holdings PLC bought a new position in shares of Monmouth R.E. Inv. during the 4th quarter worth approximately $142,000. Finally, Prudential Financial Inc. bought a new position in shares of Monmouth R.E. Inv. during the 4th quarter worth approximately $144,000. Institutional investors and hedge funds own 68.55% of the company’s stock.

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.

Featured Article: What are momentum indicators and what do they show?

Earnings History and Estimates for Monmouth R.E. Inv. (NYSE:MNR)

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