Pacer Advisors Inc. Has $1.17 Million Position in Monmouth R.E. Inv. Corp. (NYSE:MNR)

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Pacer Advisors Inc. lifted its position in Monmouth R.E. Inv. Corp. (NYSE:MNR) by 133.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,994 shares of the real estate investment trust’s stock after purchasing an additional 46,368 shares during the quarter. Pacer Advisors Inc. owned 0.08% of Monmouth R.E. Inv. worth $1,167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its stake in Monmouth R.E. Inv. by 1.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 57,100 shares of the real estate investment trust’s stock worth $774,000 after acquiring an additional 800 shares in the last quarter. Advisor Group Inc. raised its stake in Monmouth R.E. Inv. by 45.7% during the second quarter. Advisor Group Inc. now owns 4,887 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 1,533 shares in the last quarter. Shufro Rose & Co. LLC raised its stake in Monmouth R.E. Inv. by 2.5% during the second quarter. Shufro Rose & Co. LLC now owns 64,400 shares of the real estate investment trust’s stock worth $873,000 after acquiring an additional 1,600 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Monmouth R.E. Inv. by 11.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,945 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 1,785 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Monmouth R.E. Inv. by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,626 shares of the real estate investment trust’s stock worth $320,000 after acquiring an additional 2,441 shares in the last quarter. Institutional investors and hedge funds own 68.78% of the company’s stock.

MNR traded down $0.03 during midday trading on Friday, reaching $14.72. 214,746 shares of the company were exchanged, compared to its average volume of 434,554. The company has a debt-to-equity ratio of 1.34, a quick ratio of 6.64 and a current ratio of 6.64. Monmouth R.E. Inv. Corp. has a one year low of $11.88 and a one year high of $15.23. The stock has a market capitalization of $1.42 billion, a P/E ratio of 16.92 and a beta of 0.62. The stock’s 50-day simple moving average is $14.58 and its 200 day simple moving average is $13.92.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Thursday, November 14th. Monmouth R.E. Inv.’s dividend payout ratio is currently 78.16%.

Several analysts have recently commented on MNR shares. BMO Capital Markets set a $15.00 target price on Monmouth R.E. Inv. and gave the stock a “hold” rating in a report on Friday, August 2nd. Zacks Investment Research upgraded Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Saturday. Compass Point started coverage on Monmouth R.E. Inv. in a report on Friday, September 6th. They set a “buy” rating and a $16.50 target price on the stock. Finally, B. Riley restated a “buy” rating on shares of Monmouth R.E. Inv. in a report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.40.

In other Monmouth R.E. Inv. news, Chairman Eugene W. Landy sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $13.02, for a total value of $104,160.00. Following the completion of the transaction, the chairman now directly owns 895,219 shares in the company, valued at $11,655,751.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Umh Properties, Inc. purchased 17,810 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was bought at an average price of $13.70 per share, with a total value of $243,997.00. In the last ninety days, insiders have bought 24,880 shares of company stock worth $338,088. 4.02% of the stock is currently owned by insiders.

About Monmouth R.E. Inv.

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 21.8 million rentable square feet, geographically diversified across 30 states.

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

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