Wall Street brokerages expect Monmouth R.E. Inv. Corp. (NYSE:MNR) to announce $0.22 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Monmouth R.E. Inv.’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.21. Monmouth R.E. Inv. also posted earnings of $0.22 per share during the same quarter last year. The company is scheduled to report its next quarterly earnings results on Wednesday, November 27th.
On average, analysts expect that Monmouth R.E. Inv. will report full year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.87 to $0.88. For the next financial year, analysts expect that the business will report earnings of $0.92 per share, with EPS estimates ranging from $0.90 to $0.94. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Monmouth R.E. Inv..
Monmouth R.E. Inv. (NYSE:MNR) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.03) earnings per share (EPS) 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 business had revenue of $39.47 million during the quarter, compared to analyst estimates of $39.91 million.
Several research firms have recently weighed in on MNR. Zacks Investment Research raised shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Wednesday. 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. ValuEngine raised shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Boenning Scattergood reissued a “buy” rating and set a $17.50 price objective on shares of Monmouth R.E. Inv. in a report on Friday, May 10th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.50.
A number of large investors have recently modified their holdings of MNR. Marshall Wace LLP bought a new position in Monmouth R.E. Inv. during the second quarter worth $361,000. Marshall Wace North America L.P. bought a new position in Monmouth R.E. Inv. during the second quarter worth $1,164,000. Vanguard Group Inc. boosted its position in Monmouth R.E. Inv. by 0.6% during the second quarter. Vanguard Group Inc. now owns 9,343,574 shares of the real estate investment trust’s stock worth $126,605,000 after purchasing an additional 57,989 shares during the period. Lido Advisors LLC bought a new position in Monmouth R.E. Inv. during the second quarter worth $406,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in Monmouth R.E. Inv. by 1.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 57,100 shares of the real estate investment trust’s stock worth $774,000 after purchasing an additional 800 shares during the period. 66.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MNR stock traded down $0.34 during mid-day trading on Wednesday, reaching $13.06. The company’s stock had a trading volume of 375,900 shares, compared to its average volume of 463,642. Monmouth R.E. Inv. has a 1-year low of $11.88 and a 1-year high of $17.51. The company has a market capitalization of $1.28 billion, a P/E ratio of 15.01 and a beta of 0.65. The company has a debt-to-equity ratio of 1.34, a quick ratio of 6.64 and a current ratio of 6.64. The firm’s 50-day moving average is $13.63.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date is Wednesday, August 14th. Monmouth R.E. Inv.’s dividend payout ratio is currently 78.16%.
Monmouth R.E. Inv. Company Profile
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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