Monmouth R.E. Inv. Corp.(NYSE:MNR) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $20.79M. Analysts estimated a revenue of $21.16M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.09.
In a different note, Janney Capital said it Initiates Coverage on Monmouth R.E. Inv. Corp., according to a research note issued on Jul 19, 2016. The shares have been rated ‘Buy’ by the firm.
Monmouth R.E. Inv. Corp. (MNR) remained unchanged at the close of Friday session. Even as the volume increased to 2,71,795 ,the shares failed to make any impression and ended at 0 points or 0.00% at $13.81. The trading session commenced at $13.76 and the stock hit a high of $13.95 and touched $13.729 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $14 and the 52-week low is $9.02. The company has a market cap of $935 M and has approximately 6,77,06,651 outstanding shares.
Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, Kevin S. Miller (Chief Financial Officer) purchased 78 shares at $12.78 per share price.Also, On Jun 20, 2016, Michael P Landy (CEO) purchased 740 shares at $13.04 per share price.On Apr 18, 2016, Neal Herstik (director) purchased 901 shares at $11.10 per share price, according to the Form-4 filing with the securities and exchange commission.
Monmouth Real Estate Investment Corporation (MREIC) is a real estate investment trust (REIT). The Companys investment focus is to own well-located net leased industrial properties which are leased to investment-grade tenants on long-term leases. It also holds a portfolio of REIT securities. The Company operates through its subsidiary MREIC Financial Inc. As of September 30 2013 the Company held investments in seventy-six properties totaling approximately 9586000 square feet consisting of seventy-five industrial properties and one shopping center. These properties are located in twenty-six states which include Alabama Arizona Colorado Connecticut Florida Georgia Illinois Iowa Kansas Maryland Michigan Minnesota Mississippi Missouri Nebraska New Jersey New York North Carolina Ohio Oklahoma Pennsylvania South Carolina Tennessee Texas Virginia and Wisconsin. The Company has properties leased to FedEx Corporation (FDX).