A Director at Monmouth Real Estate Investment (MNR) is Buying Shares

Today, a Director at Monmouth Real Estate Investment (MNR), Steven Wolgin, bought shares of MNR for $20.63K.

This recent transaction increases Steven Wolgin’s holding in the company by 1.72% to a total of $1.21 million.

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Based on Monmouth Real Estate Investment’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $39.47 million and quarterly net profit of $1.63 million. In comparison, last year the company earned revenue of $36.2 million and had a net profit of $14.57 million. Currently, Monmouth Real Estate Investment has an average volume of 464.53K. The company has a one-year high of $17.51 and a one-year low of $11.88.

The insider sentiment on Monmouth Real Estate Investment has been positive according to 100 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Monmouth Real Estate Investment Corp. engages in the ownership and management of real estate. It invests in single tenant, industrial buildings leased primarily to investment-grade tenants on long-term net leases. The company was founded by Eugene W. Landy in 1968 and is headquartered in Freehold, NJ.

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