Monmouth R.E. Inv. Corp. (MNR) Releases Earnings Results, Beats Expectations By $0.04 EPS

Monmouth R.E. Inv. Corp. (MNR) announced its most recent quarterly financial results on Monday, Nov-28-2016. MNR said it had a profit of $0.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.18. The company posted revenue of $25.50 million in the period, compared to analysts expectations of $25.53 million. MNR’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Monmouth R.E. Inv. Corp. opened for trading at $13.89 and hit $14.065 on the upside on Friday, eventually ending the session at $14.06, with a gain of 1.44% or 0.2 points. The heightened volatility saw the trading volume jump to 1,13,584 shares. Company has a market cap of $952 M.

In a different news, on Nov 16, 2016, Michael P Landy (CEO) purchased 792 shares at $12.62 per share price. According to the SEC, on Nov 16, 2016, Kevin S. Miller (Chief Financial Officer) purchased 79 shares at $12.62 per share price. On Sep 14, 2016, Samuel A Landy (director) sold 10,000 shares at $13.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Monmouth Real Estate Investment Corporation (MREIC) is a real estate investment trust (REIT). The Company’s 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).

Monmouth R.E. Inv. Corp.

Leave a Reply

Monmouth R.E. Inv. Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Monmouth R.E. Inv. Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.