Monmouth R.E. Inv. Corp. (NYSE:MNR) has received an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.20.
A number of brokerages have issued reports on MNR. TheStreet downgraded shares of Monmouth R.E. Inv. from a “b-” rating to a “c” rating in a report on Friday, February 15th. Zacks Investment Research upgraded shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Wednesday, February 6th. Royal Bank of Canada began coverage on shares of Monmouth R.E. Inv. in a report on Friday, March 29th. They issued a “sector perform” rating and a $14.00 price target on the stock. ValuEngine upgraded shares of Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Boenning Scattergood set a $18.00 price target on shares of Monmouth R.E. Inv. and gave the company a “buy” rating in a report on Friday, February 8th.
In other Monmouth R.E. Inv. news, insider Michael P. Landy bought 2,100 shares of Monmouth R.E. Inv. stock in a transaction dated Tuesday, March 19th. The shares were purchased at an average cost of $13.18 per share, for a total transaction of $27,678.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Eugene W. Landy sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $13.34, for a total transaction of $266,800.00. Following the completion of the sale, the chairman now owns 918,733 shares in the company, valued at $12,255,898.22. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 22,713 shares of company stock worth $287,689 and sold 29,000 shares worth $396,800. Insiders own 4.02% of the company’s stock.
NYSE MNR traded up $0.25 on Thursday, reaching $13.36. The company had a trading volume of 266,104 shares, compared to its average volume of 525,046. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.46 and a current ratio of 7.46. The company has a market cap of $1.23 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.04 and a beta of 0.79. Monmouth R.E. Inv. has a 12 month low of $11.88 and a 12 month high of $17.51.
Monmouth R.E. Inv. (NYSE:MNR) last announced its quarterly earnings results on Thursday, February 7th. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.59). The company had revenue of $39.15 million during the quarter, compared to the consensus estimate of $40.22 million. Monmouth R.E. Inv. had a net margin of 1.33% and a return on equity of 0.27%. As a group, analysts forecast that Monmouth R.E. Inv. will post 0.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.09%. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is presently 78.16%.
About Monmouth R.E. Inv.
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 113 properties containing a total of approximately 21.6 million rentable square feet, geographically diversified across 30 states.
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