Monmouth Real Estate Investment Co. (NYSE:MNR) Receives Consensus Rating of “Hold” from Brokerages
Monmouth Real Estate Investment Co. (NYSE: MNR) shares have been given a consensus rating of “Hold” by the seven brokerage houses that currently cover the stock, MarketBeat.com reports. Six research analysts for stocks have given the stock a hold rating. The average 12-month target price among brokers who rated the stock in the past year is $ 19.00.
Several equity analysts recently commented on MNR stocks. B. Riley, in a research report on Monday November 8th, downgraded the shares of Monmouth Real Estate Investment from a “Buy” rating to a “Neutral” rating. The Royal Bank of Canada raised its target price on the shares of Monmouth Real Estate Investment from $ 17.00 to $ 19.00 and valued the stock on Wednesday the 1. They discovered the move was a call for valuation acted. Compass Point in a research announcement on Monday November 8th, downgraded Monmouth Real Estate Investment from a “Buy” rating to a “Neutral” rating. Finally, Zacks Investment Research upgraded the shares of Monmouth Real Estate Investment from a “sell” rating to a “hold” rating in a research release on Wednesday November 17th.
MNR shares opened at $ 20.88 on Friday. The company has a debt of 1.99, a quick ratio of 8.43, and a current ratio of 8.43. Monmouth Real Estate Investment has an annual low of $ 15.06 and an annual high of $ 21.14. The company’s 50-day simple moving average is $ 19.79 and the company’s 200-day simple moving average is $ 19.27. The stock has a market capitalization of $ 2.05 billion, a price / earnings ratio of 47.46, and a beta of 0.73.
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Monmouth Real Estate Investment (NYSE: MNR) last released its quarterly results on Friday, November 12th. The Real Estate Investment Trust reported ($ 0.25) EPS for the quarter, missing the consensus estimate of $ 0.08 by ($ 0.33). Monmouth Real Estate Investment had a return on equity of 13.70% and a net margin of 42.69%. As a group, research analysts forecast that Monmouth Real Estate Investment will post 0.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Monday November 15th will receive a dividend of $ 0.18 per share. The ex-dividend date of this dividend is Friday November 12th. This equates to a dividend of $ 0.72 on an annual basis and a dividend yield of 3.45%. Monmouth Real Estate Investment’s dividend payout ratio is currently 163.64%.
Hedge funds and other institutional investors have recently bought and sold shares in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS added a new position in shares of Monmouth Real Estate Investment for approximately $ 3,744,000 in the second quarter. Bank of New York Mellon Corp increased its stake in Monmouth Real Estate Investment by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 700,165 shares of the real estate investment trust valued at $ 13,107,000 after purchasing an additional 32,900 shares last quarter. Tudor Investment Corp Et Al bought a new stake in Monmouth Real Estate Investment worth approximately $ 499,000 in the second quarter. Marshall Wace LLP purchased a new stake in Monmouth Real Estate Investment in the second quarter valued at approximately $ 859,000. Finally, CNH Partners LLC acquired a new stake in Monmouth Real Estate Investment worth approximately $ 3,991,000 in the second quarter. Institutional investors and hedge funds own 61.32% of the company’s stock.
Monmouth Real Estate Investment Company Profile
Monmouth Real Estate Investment Corp. operates as a real estate investment trust. The company is engaged in the ownership and management of real estate. It invests in single-tenant industrial buildings to be let to investment-grade tenants with long-term net leases. The company was founded in 1968 by Eugene W. Landy and is headquartered in Holmdel, NJ.
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