Monmouth Real Estate Investment Corp (MNR): Properties, Inc. Umh , other of Monmouth Real Estate Investment Corp purchased 12,664 shares on Jun 15, 2016. The Insider buying transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $12.16 per share for a total value of $154,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Kevin S. Miller (Chief Financial Officer) purchased 81 shares at $11.34 per share price.On Apr 18, 2016, Neal Herstik (director) purchased 901 shares at $11.10 per share price.Also, On Mar 28, 2016, Michael P Landy (CEO) purchased 1,000 shares at $11.53 per share price.On Mar 16, 2016, Properties, Inc. Umh (other) purchased 13,731 shares at $10.56 per share price.
Shares of Monmouth R.E. Inv. Corp. (MNR) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.04 points or -0.31% at $12.79 with 3,63,385 shares getting traded. Post opening the session at $12.83, the shares hit an intraday low of $12.67 and an intraday high of $12.8411 and the price vacillated in this range throughout the day. The company has a market cap of $845 M and the number of outstanding shares has been calculated to be 6,60,52,898 shares. The 52-week high of Monmouth R.E. Inv. Corp. is $12.9199 and the 52-week low is $9.02.
Company has been under the radar of several Street Analysts.Monmouth R.E. Inv. Corp. is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 13 from a previous price target of $11.50 .The Rating was issued on May 6, 2016.
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).