Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Monmouth Real Estate Investment Corporation (NYSE:MNR) Stock Price

Media headlines about Monmouth Real Estate Investment Corporation (NYSE:MNR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Monmouth Real Estate Investment Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.999115607739 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) traded up 0.13% during mid-day trading on Friday, hitting $15.13. The stock had a trading volume of 326,322 shares. Monmouth Real Estate Investment Corporation has a 1-year low of $12.89 and a 1-year high of $15.67. The stock’s 50-day moving average price is $15.28 and its 200 day moving average price is $14.77. The company has a market capitalization of $1.12 billion, a P/E ratio of 50.94 and a beta of 0.51.

Monmouth Real Estate Investment Corporation (NYSE:MNR) last announced its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $28.61 million for the quarter, compared to analyst estimates of $28.81 million. Monmouth Real Estate Investment Corporation had a return on equity of 7.91% and a net margin of 32.02%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. On average, analysts predict that Monmouth Real Estate Investment Corporation will post $0.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be issued a $0.16 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.64 annualized dividend and a yield of 4.23%. Monmouth Real Estate Investment Corporation’s payout ratio is currently 213.33%.

Several research analysts have issued reports on MNR shares. BidaskClub upgraded Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. DA Davidson upgraded Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, May 18th. Zacks Investment Research lowered Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday. National Securities restated a “buy” rating and issued a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research note on Thursday, May 4th. Finally, FBR & Co restated an “outperform” rating and issued a $16.50 target price on shares of Monmouth Real Estate Investment Corporation in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $16.20.

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About Monmouth Real Estate Investment Corporation

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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