Monmouth Real Estate Investment Corp (MNR): Samuel A Landy , director of Monmouth Real Estate Investment Corp sold 10,000 shares on Sep 13, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $13.90 per share for a total value of $139,050.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 13, 2016, Steven B Wolgin (director) purchased 8,500 shares at $25.00 per share price.On Aug 16, 2016, Allison Nagelberg (Legal Counsel) purchased 1,522 shares at $13.14 per share price.Also, On Aug 16, 2016, Kevin S. Miller (Chief Financial Officer) purchased 76 shares at $13.14 per share price.On Jun 20, 2016, Michael P Landy (CEO) purchased 740 shares at $13.04 per share price.
Monmouth R.E. Inv. Corp.: On Monday, Sep 12, 2016 heightened volatility was witnessed in Monmouth R.E. Inv. Corp. which led to swings in the share price. The shares opened for trading at $14.01 and hit $14.25 on the upside , eventually ending the session at $14.2, with a gain of 0.64% or 0.09 points. The heightened volatility saw the trading volume jump to 614,213 shares. The 52-week high of the share price is $14.92 and the company has a market cap of $961 M . The 52-week low of the share price is at $9.15.
Company has been under the radar of several Street Analysts.Monmouth R.E. Inv. Corp. is Reiterated by DA Davidson to Neutral and the brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 .The Rating was issued on Aug 8, 2016.Monmouth R.E. Inv. Corp. is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 15.50 from a previous price target of $13 .The Rating was issued on Aug 5, 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).