Monmouth Real Estate Investment Co. (NYSE:MNR) Short Interest Update
Monmouth Real Estate Investment Co. (NYSE: MNR) saw a significant surge in short interest in November. As of November 30, there was short interest totaling 3,520,000 shares, an increase of 17.3% compared to the 3,000,000 shares on November 15. Approximately 3.8% of the company’s shares are being sold short. With an average daily volume of 961,300 shares, the short interest ratio is currently 3.7 days.
NYSE: MNR traded around $ 0.11 during Monday’s trading hours to hit $ 20.84. The company’s stock had a trading volume of 16,192 shares compared to an average volume of 720,865 shares. The stock has a market cap of $ 2.05 billion, a P / E of 26.52, and a beta of 0.73. The stock has a fifty-day moving average of $ 20.20 and a 200-day moving average of $ 19.41. The company has a current metric of 8.43, a fast metric of 8.43, and a debt of 1.99. Monmouth Real Estate Investment has a 52-week low of $ 16.09 and a 52-week high of $ 21.14.
Monmouth Real Estate Investment (NYSE: MNR) last released earnings 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 net margin of 42.69% and a return on equity of 13.70%. On average, sell-side analysts are forecasting earnings per share of 0.91 for Monmouth Real Estate Investment for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Monday, November 15th, received a dividend of $ 0.18 per share. The ex-dividend date was Friday, November 12th. This equates to an annualized dividend of $ 0.72 and a dividend yield of 3.45%. Monmouth Real Estate Investment’s dividend payout ratio (DPR) is 163.64%.
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Several institutional investors and hedge funds have recently changed their positions in the company. Balyasny Asset Management LLC increased its stake in Monmouth Real Estate Investment by 175.8% in the third quarter. Balyasny Asset Management LLC now owns 251,293 shares in the real estate investment trust valued at $ 4,687,000 after purchasing an additional 160,180 shares during the reporting period. Bank of New York Mellon Corp increased its position in Monmouth Real Estate Investment by 4.5% in the third quarter. Bank of New York Mellon Corp now owns 731,435 shares in the real estate investment trust valued at $ 13,641,000 after purchasing an additional 31,270 shares during the reporting period. Gyon Technologies Capital Management LP acquired a new stake in Monmouth Real Estate Investment worth approximately $ 211,000 in the third quarter. Centiva Capital LP increased its position in Monmouth Real Estate Investment by 582.9% in the third quarter. Centiva Capital LP now owns 124,388 shares of the real estate investment trust valued at $ 2,320,000 after purchasing an additional 106,173 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its position in Monmouth Real Estate Investment by 254.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 48,800 shares in the real estate investment trust valued at $ 910,000 after purchasing an additional 35,027 shares during the reporting period. Institutional investors and hedge funds own 61.32% of the company’s stock.
A number of research analysts have commented on MNR stocks. Compass Point downgraded Monmouth Real Estate Investment from a “Buy” rating to a “Neutral” rating in a research release on Monday, November 8th. The Royal Bank of Canada raised its target price for Monmouth Real Estate Investment from 17.00 to 19.00 US dollars and gave the stock a “sector performance” in a research report on Wednesday, September 1st. They discovered that the move was a call for evaluation. B. Riley downgraded Monmouth Real Estate Investment from a “Buy” rating to a “Neutral” rating in a research report on Monday November 8th. Finally, Zacks Investment Research upgraded Monmouth Real Estate Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 17th. Six research analysts have given the share a hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $ 19.70.
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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