Shares of Monmouth Real Estate Investment Co. (NYSE: MNR) have received a consensus recommendation to “Hold” from the eight rating companies currently hedging the stock, reports Marketbeat Ratings. One analyst rated the stock with a sell recommendation, three issued a hold recommendation, and two gave the company a buy recommendation. The 1-year average target price among brokers who hedged the stock in the past year is $ 19.42.
MNR has been the subject of a number of research analyst reports. Compass Point downgraded Monmouth Real Estate Investment shares from a ‘neutral’ to a ‘buy’ rating and raised its price target for the company from $ 18.88 to $ 21.50 in a report published Thursday, July 22. Zacks Investment Research downgraded Monmouth Real Estate Investment shares from a âholdâ rating to a âsellâ rating in a report released Thursday, September 16. Finally, the Royal Bank of Canada increased its price target on Monmouth Real Estate Investment shares from $ 17.00 to $ 19.00 and gave the company a âsector performanceâ rating in a report released on Wednesday. September 1st. They noted that the move was an appraisal call.
Several institutional investors have recently increased or reduced their holdings in MNR. Baldwin Brothers Inc. MA acquired a new equity stake in Monmouth Real Estate Investment during the 2nd quarter valued at approximately $ 37,000. Point72 Hong Kong Ltd acquired a new equity stake in Monmouth Real Estate Investment during the 1st quarter valued at approximately $ 39,000. O Shaughnessy Asset Management LLC acquired a new equity stake in Monmouth Real Estate Investment during the 1st quarter valued at approximately $ 48,000. Schroder Investment Management Group acquired a new stake in the shares of Monmouth Real Estate Investment during the 1st quarter valued at approximately $ 93,000. Finally, Bardin Hill Management Partners LP acquired a new stake in the shares of Monmouth Real Estate Investment during the 1st quarter for a value of approximately $ 108,000. 69.59% of the shares are currently held by institutional investors.
Shares of Monmouth Real Estate Investment opened at $ 18.93 on Tuesday. The company has a market cap of $ 1.86 billion, a P / E ratio of 29.12 and a beta of 0.79. The company has a debt to equity ratio of 1.73, a quick ratio of 19.73 and a current ratio of 19.73. Monmouth Real Estate Investment has a one year minimum of $ 13.68 and a one year high of $ 19.76. The company has a fifty-day moving average of $ 18.92 and a two-hundred-day moving average of $ 18.79.
Monmouth Real Estate Investment (NYSE: MNR) last reported its quarterly results on Sunday, August 1. The REIT reported earnings per share (EPS) of $ 0.14 for the quarter, beating the Zacks’ consensus estimate of $ 0.08 per $ 0.06. Monmouth Real Estate Investment had a net margin of 54.23% and a return on equity of 16.85%. As a group, stock analysts predict that Monmouth Real Estate Investment will post earnings per share of 0.83 for the current year.
About Monmouth Real Estate Investment
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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