Monmouth Real Estate Investment Co. (NYSE:MNR) Receives Consensus Rating of “Hold” from Analysts
Monmouth Real Estate Investment Co. (NYSE: MNR) stocks were given an average rating of “Hold” by the eight research firms that currently cover the stock, according to MarketBeat.com. Three research analysts rated the share with a sell recommendation, two with a hold recommendation and two with a buy recommendation. The average 1 year target price among brokers who have covered the stock over the past year is $ 16.40.
MNR has been the subject of a number of recent analyst reports. National Securities took up coverage of Monmouth Real Estate Investment in a research note on Monday, October 26th. They gave a buy rating and a target price of $ 18.00 on the stock. B. Riley raised his target price for Monmouth Real Estate Investment from $ 18.00 to $ 20.00 in a research report on Tuesday, December 22nd. Zacks Investment Research moved Monmouth Real Estate Investment from a “hold” rating to a “sell” rating on Tuesday, December 1st, in a research note. Berenberg Bank began reporting on shares in Monmouth Real Estate Investment in a research report on Wednesday October 28th. They gave a buy rating and a target price of $ 17.00 on the stock. Finally, BidaskClub downgraded Monmouth Real Estate Investment from a “hold” rating to a “sell” rating in a research report on Saturday.
Monmouth Real Estate Investment shares opened at $ 16.54 on Friday. Monmouth Real Estate Investment has a 12 month low of $ 8.42 and a 12 month high of $ 17.92. The company has a quick rate of 10.46, a current rate of 10.46, and a leverage ratio of 1.55. The stock has a 50-day moving average price of $ 16.00 and a two-hundred-day moving average price of $ 14.70. The stock has a market cap of $ 1.62 billion, a P / E of -33.08, and a beta of 0.75.
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Monmouth Real Estate Investment (NYSE: MNR) last released its quarterly earnings data on Sunday November 22nd. The Real Estate Investment Trust reported earnings per share of ($ 0.03) for the quarter, missing Zacks’ consensus estimate of $ 0.21 by ($ 0.24). Monmouth Real Estate Investment had a negative return on equity of 3.69% and a negative net margin of 13.19%. Sell-side analysts assume that Monmouth Real Estate Investment will achieve earnings per share of 0.86 in the current year.
Several institutional investors and hedge funds recently changed their holdings in the company. Eqis Capital Management Inc. increased its stake in Monmouth Real Estate Investment by 8.1% in the third quarter. Eqis Capital Management Inc. now owns 12,278 shares in the real estate investment trust valued at $ 170,000 after purchasing an additional 916 shares last quarter. American International Group Inc. increased its stake in Monmouth Real Estate Investment by 3.0% in the second quarter. American International Group Inc. now owns 68,018 shares in the real estate investment trust, valued at $ 986,000, after purchasing an additional 2,011 shares last quarter. The Swiss National Bank increased its stake in Monmouth Real Estate Investment by 1.2% in the third quarter. The Swiss National Bank now owns 210,800 shares in the real estate investment trust valued at $ 2,920,000 after acquiring an additional 2,600 shares in the last quarter. Kavar Capital Partners LLC increased its stake in Monmouth Real Estate Investment by 4.5% in the third quarter. Kavar Capital Partners LLC now owns 63,555 shares of the real estate investment trust valued at $ 880,000 after purchasing an additional 2,730 shares last quarter. Finally, Silver Lake Advisory LLC increased its position in Monmouth Real Estate Investment stocks by 1.6% in the third quarter. Silver Lake Advisory LLC now owns 214,310 shares in the real estate investment trust valued at $ 2,968,000 after purchasing an additional 3,297 shares last quarter. 65.00% of the shares are owned by institutional investors and hedge funds.
Profile of the Monmouth Real Estate Investment Company
Founded in 1968, Monmouth Real Estate Investment Corporation is one of the oldest public equity REITs in the world. We specialize in single tenants, net rented industrial properties that are rented out on a long-term basis, mainly to tenants with an investment grade rating. Monmouth Real Estate is a fully integrated and self-managed real estate company whose real estate portfolio consists of 119 properties with total lettable space of approximately 23.4 million square meters, geographically spread across 31 states.
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