Shares of Monmouth Real Estate Investment Co. (NYSE: MNR) have received a consensus rating of “Hold” from the seven brokerages currently hedging the stock, reports MarketBeat.com. Six equity research analysts rated the stock with a conservation rating. The 12-month average price target among brokers who issued ratings on the stock in the past year is $ 19.00.
Several stock analysts recently commented on MNR’s shares. B. Riley downgraded Monmouth Real Estate Investment shares from a âbuyâ rating to a âneutralâ rating in a research report released on Monday, November 8. Royal Bank of Canada increased its price target on the Monmouth Real Estate Investment stock from $ 17.00 to $ 19.00 and gave the stock a “sector performance” rating in a research note on Wednesday. September 1st. They noted that the move was an appraisal call. Compass Point downgraded Monmouth Real Estate Investment shares from a âbuyâ rating to a âneutralâ rating in a research note on Monday, November 8. Finally, Zacks Investment Research upgraded Monmouth Real Estate Investment shares from a âsellâ rating to a âcustodyâ rating in a research note on Wednesday, November 17.
MNR shares opened at $ 20.88 on Friday. The company has a debt to equity ratio of 1.99, a rapid ratio of 8.43 and a current ratio of 8.43. Monmouth Real Estate Investment has a one year minimum of $ 15.06 and a one year maximum of $ 21.14. The company’s 50-day simple moving average is $ 19.79 and its 200-day simple moving average is $ 19.27. The stock has a market cap of $ 2.05 billion, a price-to-earnings ratio of 47.46 and a beta of 0.73.
Monmouth Real Estate Investment (NYSE: MNR) last released its quarterly results on Friday, November 12. The REIT reported ($ 0.25) EPS for the quarter, missing the consensus estimate of $ 0.08 ($ 0.33). Monmouth Real Estate Investment recorded a return on equity of 13.70% and a net margin of 42.69%. As a group, research analysts predict that Monmouth Real Estate Investment will post 0.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15. Investors of record on Monday, November 15 will receive a dividend of $ 0.18 per share. The ex-dividend date of this dividend is Friday, November 12. This represents a dividend of $ 0.72 on an annualized 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 stocks. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Monmouth Real Estate Investment during the second quarter valued at approximately $ 3,744,000. Bank of New York Mellon Corp increased its holdings in Monmouth Real Estate Investment by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 700,165 real estate investment trust shares worth $ 13,107,000 after purchasing an additional 32,900 shares in the last quarter. Tudor Investment Corp Et Al purchased a new stake in Monmouth Real Estate Investment during the second quarter valued at approximately $ 499,000. Marshall Wace LLP purchased a new stake in Monmouth Real Estate Investment during the second quarter valued at approximately $ 859,000. Finally, CNH Partners LLC purchased a new stake in Monmouth Real Estate Investment during the second quarter valued at approximately $ 3,991,000. Institutional investors and hedge funds hold 61.32% of the company’s shares.
Monmouth Real Estate Investment Company Profile
Monmouth Real Estate Investment Corp. works like a real estate investment trust. The company deals with the ownership and management of real estate. It invests in single-tenant industrial buildings leased to quality tenants on long-term net leases. The company was founded by Eugene W. Landy in 1968 and is headquartered in Holmdel, NJ.
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