Monmouth Real Estate Investment Corporation (NYSE:MNR) Receives $15.90 Average PT from Analysts

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) have been assigned a consensus rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $16.00.

A number of brokerages have commented on MNR. FBR & Co reiterated an “outperform” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Monmouth Real Estate Investment Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. National Securities restated a “buy” rating and set a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research report on Thursday, May 4th. BidaskClub downgraded Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, DA Davidson upgraded Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Thursday, May 18th.

Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. acquired a new position in shares of Monmouth Real Estate Investment Corporation during the fourth quarter valued at about $108,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Monmouth Real Estate Investment Corporation by 24.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,772 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 1,503 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Monmouth Real Estate Investment Corporation during the first quarter valued at about $125,000. BTC Capital Management Inc. acquired a new position in shares of Monmouth Real Estate Investment Corporation during the first quarter valued at about $160,000. Finally, Pekin Singer Strauss Asset Management IL increased its position in shares of Monmouth Real Estate Investment Corporation by 5.4% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 11,650 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 595 shares during the last quarter. Hedge funds and other institutional investors own 59.80% of the company’s stock.

Shares of Monmouth Real Estate Investment Corporation (MNR) opened at 14.80 on Tuesday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 47.13 and a beta of 0.51. The company’s 50 day moving average price is $15.26 and its 200 day moving average price is $14.76. Monmouth Real Estate Investment Corporation has a 52-week low of $12.89 and a 52-week high of $15.67.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last announced its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. Monmouth Real Estate Investment Corporation had a return on equity of 8.05% and a net margin of 32.02%. The company had revenue of $28.61 million during the quarter, compared to the consensus estimate of $28.81 million. During the same quarter last year, the company earned $0.19 EPS. The company’s quarterly revenue was up 18.7% on a year-over-year basis. Analysts forecast that Monmouth Real Estate Investment Corporation will post $0.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.64 annualized dividend and a dividend yield of 4.32%. Monmouth Real Estate Investment Corporation’s dividend payout ratio (DPR) is presently 213.33%.

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Monmouth Real Estate Investment Corporation Company Profile

Monmouth Real Estate Investment Corporation is a real estate investment trust (REIT). The Company’s primary business is the ownership of real estate. Its investment focus is to own single tenant, industrial buildings and leased to investment-grade tenants or their subsidiaries on long-term net leases.

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