Revenue Update on Monmouth R.E. Inv. Corp.(NYSE:MNR)

Monmouth R.E. Inv. Corp.(NYSE:MNR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Nov 28, 2016. Company reported revenue of $22.13M. Analysts estimated a revenue of $21.56M. The revenues were $567.00K or 2.63% above the estimates. Earnings per share were $0.22. The reported EPS was above estimates by $0.14 or 175.00%. Analysts had estimated an EPS of $0.08.

Monmouth R.E. Inv. Corp. (MNR) made into the market gainers list on Tuesdays trading session with the shares advancing 3.99% or 0.56 points. Due to strong positive momentum, the stock ended at $14.59, which is also near the day’s high of $14.67. The stock began the session at $14.17 and the volume stood at 5,48,772 shares. The 52-week high of the shares is $14.92 and the 52 week low is $9.5. The company has a current market capitalization of $988 M and it has 6,77,06,651 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 16, 2016, Michael P Landy (CEO) purchased 792 shares at $12.62 per share price.Also, On Nov 16, 2016, Kevin S. Miller (Chief Financial Officer) purchased 79 shares at $12.62 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 Company’s 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).

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