Insider Activity to Watch: Monmouth Real Estate Investment Corporation $MNR

67e12a4cb8da07b6a2f095373474ed24

Monmouth Real Estate Investment Corporation (NYSE:MNR) insider have most recently took part in a trading activity. On Jun 15, 2017 Landy Michael P, President and CEO bought 139 shares having total worth of $2,006 at the price of $14.43 per share, following the transaction a total of 597,257 shares owned by Landy Michael P. Before this latest buy, Landy Michael P purchased MNR at 11 other times during the past twelve months, for a total investment of $73,678 at an average of $13.53 per share.

The stock has experienced a total of 6 insider trades in the past three months. These trades include 6 buy trades. Furthermore, over the past 12 months , the stock was traded 35 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 34 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 6 0 4.83%
12 Month 34 1 52.11%

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) traded down 0.2% on Jun 15, 2017, hitting $15.07. 336,942 shares of the company’s stock traded hands. Monmouth Real Estate Investment Corporation has a 52 week low of $9.16 and a 52 week high of $15.35. The company’s market cap is $970 million.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last announced its earnings results on May 3, 2017. The company reported 0.17 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.08 by $0.09. The company had revenue of $24 million for the quarter, compared to the consensus estimate of $27 million. During the same quarter in the previous year, the company posted 0.18 earnings per share. The company’s revenue for the quarter was up 20% on a year-over-year basis.

2017-05-03 2017-02-08 2016-11-28 2016-08-03 2016-05-04 2016-02-03 2015-12-09 2015-08-05 2015-05-06 2015-02-04
earnings per share 0.17 0.20 0.22 0.19 0.18 0.17 0.15 0.15 0.04 0.06
Revenue(M) 23.61 23.28 22.13 20.79 19.61 19.07 18.17 17.26 16.21 15.43

Monmouth Real Estate Investment Corporation operates as a real estate investment trust. The Company was established in 1968 as a New Jersey Business Trust. On May 15, 2003, the Company changed its state of incorporation from Delaware to Maryland by merging with and into a Maryland corporation. The Company’s business is the ownership of real estate. Its investment focus is to own well-located net leased industrial properties which are leased to investment-grade tenants on long-term leases. In addition, the Company holds a portfolio of REIT securities. The Company invests in both debt and equity securities of other REITs. Currently, the Company has investments in seventy-two rental properties, consisting of 71 industrial properties and one shopping center, which are located in twenty-six states. The Company competes with other investors in real estate for attractive investment opportunities. These investors include other ‘equity’ real estate investment trusts, limited partnerships, syndications and private investors, among others.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.