Analysts Anticipate Monmouth Real Estate Investment Co. (NYSE:MNR) to Announce $0.21 Earnings Per Share

Equities analysts predict that Monmouth Real Estate Investment Co. (NYSE:MNR) will announce earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Monmouth Real Estate Investment’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.20. Monmouth Real Estate Investment posted earnings per share of $0.20 in the same quarter last year, which indicates a positive year over year growth rate of 5%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 19th.

On average, analysts expect that Monmouth Real Estate Investment will report full-year earnings of $0.83 per share for the current fiscal year, with EPS estimates ranging from $0.81 to $0.85. For the next fiscal year, analysts forecast that the company will post earnings of $0.92 per share, with EPS estimates ranging from $0.86 to $0.97. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Monmouth Real Estate Investment.

Monmouth Real Estate Investment (NYSE:MNR) last announced its quarterly earnings data on Wednesday, May 5th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.20. Monmouth Real Estate Investment had a negative return on equity of 3.69% and a negative net margin of 13.19%.

Several equities analysts have weighed in on the company. BMO Capital Markets raised their target price on Monmouth Real Estate Investment from $17.00 to $18.00 in a report on Friday, January 15th. Zacks Investment Research upgraded Monmouth Real Estate Investment from a “sell” rating to a “hold” rating in a report on Thursday, February 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.57.

NYSE MNR traded up $0.16 during trading on Thursday, hitting $18.98. 940,618 shares of the company traded hands, compared to its average volume of 489,715. Monmouth Real Estate Investment has a 12 month low of $10.83 and a 12 month high of $19.50. The business has a fifty day simple moving average of $18.32 and a 200 day simple moving average of $17.03. The company has a current ratio of 10.46, a quick ratio of 10.46 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $1.87 billion, a P/E ratio of -37.96 and a beta of 0.78.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Monday, May 17th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, April 14th. Monmouth Real Estate Investment’s dividend payout ratio (DPR) is presently 92.31%.

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in Monmouth Real Estate Investment by 124.0% during the first quarter. SG Americas Securities LLC now owns 32,858 shares of the real estate investment trust’s stock worth $581,000 after buying an additional 18,191 shares in the last quarter. Barclays PLC boosted its holdings in Monmouth Real Estate Investment by 245.6% during the first quarter. Barclays PLC now owns 346,352 shares of the real estate investment trust’s stock valued at $6,126,000 after purchasing an additional 246,145 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Monmouth Real Estate Investment by 2.3% during the first quarter. Baird Financial Group Inc. now owns 160,999 shares of the real estate investment trust’s stock valued at $2,848,000 after purchasing an additional 3,584 shares in the last quarter. Relative Value Partners Group LLC boosted its holdings in Monmouth Real Estate Investment by 94.1% during the first quarter. Relative Value Partners Group LLC now owns 98,668 shares of the real estate investment trust’s stock valued at $1,745,000 after purchasing an additional 47,835 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Monmouth Real Estate Investment by 3.2% during the first quarter. Geode Capital Management LLC now owns 1,828,170 shares of the real estate investment trust’s stock valued at $32,340,000 after purchasing an additional 56,713 shares in the last quarter. 67.62% of the stock is currently owned by institutional investors and hedge funds.

Monmouth Real Estate Investment 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 121 properties, containing a total of approximately 24.5 million rentable square feet, geographically diversified across 31 states.

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Earnings History and Estimates for Monmouth Real Estate Investment (NYSE:MNR)

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