Monmouth R.E. Inv. Corp. Class A (MNR) Insider Umh Properties, Inc. Purchases 10,505 Shares

Monmouth R.E. Inv. Corp. Class A (NYSE:MNR) insider Umh Properties, Inc. purchased 10,505 shares of the business’s stock in a transaction on Friday, June 15th. The stock was bought at an average cost of $14.66 per share, with a total value of $154,003.30. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of Monmouth R.E. Inv. Corp. Class A opened at $15.46 on Tuesday, MarketBeat reports. Monmouth R.E. Inv. Corp. Class A has a 52-week low of $13.87 and a 52-week high of $18.45. The firm has a market capitalization of $1.22 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. The company has a debt-to-equity ratio of 1.66, a current ratio of 9.23 and a quick ratio of 9.23.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Tuesday, May 15th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.40%. Monmouth R.E. Inv. Corp. Class A’s dividend payout ratio (DPR) is 89.47%.

Several institutional investors have recently made changes to their positions in the company. UBS Group AG boosted its stake in shares of Monmouth R.E. Inv. Corp. Class A by 3.9% in the 1st quarter. UBS Group AG now owns 89,308 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 3,359 shares in the last quarter. Pathway Financial Advisors LLC boosted its stake in shares of Monmouth R.E. Inv. Corp. Class A by 53.8% in the 1st quarter. Pathway Financial Advisors LLC now owns 10,000 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 3,500 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in shares of Monmouth R.E. Inv. Corp. Class A by 3.3% in the 1st quarter. WealthTrust Axiom LLC now owns 115,503 shares of the real estate investment trust’s stock valued at $1,737,000 after purchasing an additional 3,654 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Monmouth R.E. Inv. Corp. Class A by 20.9% in the 4th quarter. Aperio Group LLC now owns 23,674 shares of the real estate investment trust’s stock valued at $421,000 after purchasing an additional 4,091 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Monmouth R.E. Inv. Corp. Class A by 36.7% in the 1st quarter. Barclays PLC now owns 15,415 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 4,136 shares in the last quarter. 66.08% of the stock is owned by institutional investors.

A number of equities analysts have commented on MNR shares. Zacks Investment Research raised shares of Monmouth R.E. Inv. Corp. Class A from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, April 12th. B. Riley set a $17.00 price target on shares of Monmouth R.E. Inv. Corp. Class A and gave the stock a “hold” rating in a research note on Thursday, May 10th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $18.00 price target on shares of Monmouth R.E. Inv. Corp. Class A in a research note on Tuesday, May 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Monmouth R.E. Inv. Corp. Class A presently has a consensus rating of “Hold” and an average price target of $17.70.

Monmouth R.E. Inv. Corp. Class A Company Profile

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the U.S. The Company specializes 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 110 properties containing a total of approximately 20.3 million rentable square feet, geographically diversified across 30 states.

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