Published: Sat, August 12, 2017
Hi-Tech | By Grace Becker

Here's Why Monmouth Real Estate Investment Corporation (MNR) Trending These Days

Here's Why Monmouth Real Estate Investment Corporation (MNR) Trending These Days

Ares Commercial Real Estate Corporation (NYSE:ACRE) last posted its quarterly earnings data on Thursday, August 3rd.

As of the last earnings report the EPS was $-0.47 and is estimated to be $-0.04 for the current year with 69,208,000 shares presently outstanding. BTC Capital Management Inc. purchased a new position in Monmouth Real Estate Investment Corporation during the first quarter valued at $160,000. Lastly, Principal Financial Group added additional shares of Monmouth Real Estate Investment Corporation by 14.5% in the Q1. Finally, State of Alaska Department of Revenue increased its stake in shares of Pennsylvania Real Estate Investment Trust by 35.6% in the first quarter. Advisors Asset Management Inc. now owns 5,931 shares of the real estate investment trust's stock worth $112,000 after buying an additional 4,680 shares during the last quarter. Rhumbline Advisers sold 6,390 shares as National Beverage Corp Com (FIZZ)'s stock rose 51.62%. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 47.17 and a beta of 0.51. The stock's market capitalization is 735.79M, it has a 52-week low of 5.60 and a 52-week high of 7.28.

Shares are trading at $11.25 which is marginally under $11.63, the stock's 50 day moving average and which is quite a bit below the 200 day moving average of $13.67.

These firms have also modified their investment in PEI.

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Monmouth Real Estate Investment Corporation (NYSE:MNR) shares have been recorded gapping down -4.56% between sessions as the stock now sits at $14.58 before the bell. The firm had revenue of $54.34 million for the quarter, compared to analysts' expectations of $51.36 million. KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit and hedge funds. Phoenix Spree Deutschland Ltd now has a yearly EPS of 0.36. Shareholders of record on Monday, July 31st will be paid a dividend of 0.09 per share on Tuesday, August 15th. The stock rose 1.96% or $0.88 reaching $45.75. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date is Wednesday, August 30th. On Tuesday, January 26 the stock rating was downgraded by Barclays Capital to "Underperform".

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ACRE has been the topic of several research analyst reports. It has been assigned a low target price of $11 and a high target price of $20. Scotia Capital maintained Artis Real Estate Investment Trust (TSE:AX.UN) on Friday, November 4 with "Sector Perform" rating. Finally, Stifel Nicolaus initiated coverage on Pennsylvania Real Estate Investment Trust in a research note on Friday, July 14th. Out of 4 Wall Street analysts rating Intersil, 1 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". The stock has a consensus rating of Buy and a consensus target price of C$28.00. The shares were purchased at an average cost of $10.88 per share, with a total value of $108,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The stock was acquired at an average cost of $11.78 per share, with a total value of $58,900.00. The company's stock had a trading volume of 36,097 shares. Over the last three months, insiders bought 35,000 shares of company stock worth $391,000. It also upped Vanguard Int (VCIT) stake by 42,936 shares and now owns 157,170 shares. But the real reason Allied Properties Real Estate stands out is because it has a high chance of being able to continue to pay this for years to come, something that is quite desirable if you are looking to create an income portfolio.

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