Sold 105 shares Monmouth Real Estate

Yesterday I sold all my 105 shares of Monmouth Real Estate. Monmouth is a nice stable company investing in warehouses, but they are also owning a portfolio of other REITs.

I’m selling this stock for a few reasons:

  • I’m reducing the share of Real Estate stocks in my portfolio
  • I don’t like that Monmouth is not only investing in warehouses, but is also having a big exposure to the stock market due to their 150 million stock portolio
  • Monmouth didn’t increase their dividend since November 2017
  • Monmouth keeps issuing new shares to add equity to purchase new buildings

I will keep Monmouth on my watchlist, because I recognize that they own quality properties which offer a stable cashflow. The current yearly dividend is $0,68 which results in a current yield of 4,39%. If the yield is getting in the range 5,5% – 6,0% I will consider getting back into this stock.

After closing this position I made an 8% profit or €114,32. Slightly more than 4% per year.

Tomorrow I will write about the new position I started with the proceeds from selling Monmouth.

Purchase 30 shares Monmouth REIT

Today I purchased 30 shares Monmouth REIT at a price of $14,41. I now own 105 shares with. With this purchase my average purchase price declined from $16,23 to $15,71.

At the moment Monmouth is paying a yearly dividend of $0,68 per share. This purchase of 30 shares will increase my yearly estimated dividend income with $20,40.

Since starting a position in Monmouth I received €92,37 in dividends.