Stifel Financial Corp Has $332,000 Holdings in Monmouth R.E. Inv. Corp. (MNR)

Stifel Financial Corp lessened its stake in shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,291 shares of the real estate investment trust’s stock after selling 8,790 shares during the quarter. Stifel Financial Corp’s holdings in Monmouth R.E. Inv. were worth $332,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Monmouth R.E. Inv. by 5.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,602 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 1,210 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Monmouth R.E. Inv. by 3.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 42,031 shares of the real estate investment trust’s stock worth $521,000 after purchasing an additional 1,213 shares during the period. Anchor Capital Advisors LLC lifted its stake in shares of Monmouth R.E. Inv. by 6.1% during the 4th quarter. Anchor Capital Advisors LLC now owns 31,560 shares of the real estate investment trust’s stock worth $391,000 after purchasing an additional 1,820 shares during the period. Private Capital Group LLC lifted its stake in shares of Monmouth R.E. Inv. by 212.2% during the 4th quarter. Private Capital Group LLC now owns 2,953 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,007 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Monmouth R.E. Inv. by 20.3% during the 4th quarter. SG Americas Securities LLC now owns 13,382 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 2,255 shares during the period. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Shares of MNR opened at $13.17 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.46 and a current ratio of 7.46. The firm has a market capitalization of $1.25 billion, a P/E ratio of 14.86, a PEG ratio of 2.04 and a beta of 0.79. Monmouth R.E. Inv. Corp. has a twelve month low of $11.88 and a twelve month high of $17.51.

Monmouth R.E. Inv. (NYSE:MNR) last issued its earnings results on Thursday, February 7th. The real estate investment trust reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.59). The firm had revenue of $39.15 million during the quarter, compared to analysts’ expectations of $40.22 million. Monmouth R.E. Inv. had a return on equity of 0.27% and a net margin of 1.33%. Equities research analysts expect that Monmouth R.E. Inv. Corp. will post 0.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Tuesday, May 14th. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is currently 78.16%.

In related news, insider Umh Properties, Inc. acquired 19,365 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $12.60 per share, with a total value of $243,999.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael P. Landy acquired 2,100 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was bought at an average cost of $13.18 per share, for a total transaction of $27,678.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 22,713 shares of company stock worth $287,689 and sold 29,000 shares worth $396,800. Company insiders own 4.02% of the company’s stock.

A number of research analysts have weighed in on MNR shares. ValuEngine lowered Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Boenning Scattergood set a $18.00 price target on Monmouth R.E. Inv. and gave the stock a “buy” rating in a research note on Friday, February 8th. TheStreet lowered Monmouth R.E. Inv. from a “b-” rating to a “c” rating in a research note on Friday, February 15th. Finally, JPMorgan Chase & Co. started coverage on Monmouth R.E. Inv. in a research report on Friday, March 8th. They issued a “neutral” rating and a $14.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.67.

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Monmouth R.E. Inv. 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 21.6 million rentable square feet, geographically diversified across 30 states.

See Also: Cost of equity and a company’s balance sheet

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

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