Monmouth R.E. Inv. Corp. (NYSE:MNR) had declared a cash dividend of $0.1600 on Oct 3, 2016. The shares will quote ex-dividend on Nov 11, 2016 and the record date has been fixed for Nov 15, 2016. On Oct 3, 2016 share price, the yield comes out to be 4.4849%. The dividend payable date has been fixed on Dec 15, 2016.
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) shares turned negative on Fridays trading session with the shares closing down -0.14 points or -1.06% at a volume of 3,87,928. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.465. The peak price level was also seen at $13.465 while the days lowest was $13.07. Finally the shares closed at $13.08. The 52-week high of the shares is $14.92 while the 52-week low is $9.5. According to the latest information available, the market cap of the company is $886 M.
Monmouth R.E. Inv. Corp.(MNR) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $20.79M. Analysts had an estimated revenue of $21.16M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.09.
Several Insider Transactions has been reported to the SEC. On Sep 19, 2016, Kevin S. Miller (Chief Financial Officer) purchased 76 shares at $13.18 per share price.Also, On Sep 16, 2016, Michael P Landy (CEO) purchased 650 shares at $13.66 per share price.On Sep 14, 2016, Samuel A Landy (director) sold 10,000 shares at $13.90 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).