Monmouth R.E. Inv. Corp. (MNR) Stake Held by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. maintained its position in Monmouth R.E. Inv. Corp. (NYSE:MNR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the real estate investment trust’s stock at the end of the first quarter. Neville Rodie & Shaw Inc. owned approximately 0.14% of Monmouth R.E. Inv. Corp. worth $1,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MNR. Envestnet Asset Management Inc. purchased a new position in Monmouth R.E. Inv. Corp. during the fourth quarter valued at approximately $108,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Monmouth R.E. Inv. Corp. by 24.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,772 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 1,503 shares during the period. BTC Capital Management Inc. purchased a new position in Monmouth R.E. Inv. Corp. during the first quarter valued at approximately $160,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Monmouth R.E. Inv. Corp. by 15.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,715 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,600 shares during the period. Finally, Credit Agricole S A boosted its position in Monmouth R.E. Inv. Corp. by 25.5% in the fourth quarter. Credit Agricole S A now owns 12,629 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 2,565 shares during the period. Hedge funds and other institutional investors own 56.86% of the company’s stock.

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

Monmouth R.E. Inv. Corp. (NYSE:MNR) traded up 1.80% on Friday, hitting $14.72. 544,226 shares of the stock traded hands. The stock has a 50-day moving average price of $14.59 and a 200 day moving average price of $14.38. Monmouth R.E. Inv. Corp. has a 12-month low of $11.56 and a 12-month high of $15.45. The stock has a market cap of $1.07 billion, a P/E ratio of 46.58 and a beta of 0.54.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Monday, May 15th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.43%. The ex-dividend date is Thursday, May 11th. Monmouth R.E. Inv. Corp.’s payout ratio is presently 193.95%.

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Several research analysts have commented on the stock. DA Davidson upgraded shares of Monmouth R.E. Inv. Corp. from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Thursday. Zacks Investment Research cut shares of Monmouth R.E. Inv. Corp. from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 11th. Finally, National Securities restated a “buy” rating and issued a $16.50 target price on shares of Monmouth R.E. Inv. Corp. in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $15.67.

In related news, Director Steven B. Wolgin acquired 4,640 shares of the stock in a transaction on Monday, April 17th. The stock was purchased at an average price of $14.01 per share, for a total transaction of $65,006.40. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven B. Wolgin acquired 4,500 shares of the stock in a transaction on Thursday, March 9th. The stock was bought at an average price of $24.28 per share, with a total value of $109,260.00. Following the transaction, the director now directly owns 13,000 shares in the company, valued at approximately $315,640. The disclosure for this purchase can be found here. Insiders acquired a total of 15,773 shares of company stock valued at $264,416 in the last 90 days. Corporate insiders own 5.61% of the company’s stock.

About Monmouth R.E. Inv. Corp.

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.

12 Month Chart for NYSE:MNR

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