News coverage about Monmouth R.E. Inv. (NYSE:MNR) has been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Monmouth R.E. Inv. earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 47.0688486194769 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Monmouth R.E. Inv. (NYSE MNR) opened at $17.46 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.50 and a current ratio of 4.50. Monmouth R.E. Inv. has a 52 week low of $13.68 and a 52 week high of $18.45. The stock has a market cap of $1,308.56, a P/E ratio of 54.56, a price-to-earnings-growth ratio of 2.72 and a beta of 0.51.
Monmouth R.E. Inv. (NYSE:MNR) last issued its quarterly earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.12). Monmouth R.E. Inv. had a net margin of 30.84% and a return on equity of 7.65%. The company had revenue of $30.40 million for the quarter, compared to analyst estimates of $30.91 million. During the same quarter in the previous year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. equities research analysts expect that Monmouth R.E. Inv. will post 0.9 earnings per share for the current fiscal year.
A number of brokerages have issued reports on MNR. BMO Capital Markets restated a “hold” rating and set a $18.00 price target on shares of Monmouth R.E. Inv. in a research note on Tuesday, January 9th. B. Riley restated a “buy” rating on shares of Monmouth R.E. Inv. in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Monmouth R.E. Inv. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, October 4th. Finally, National Securities upped their price target on shares of Monmouth R.E. Inv. from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Monmouth R.E. Inv. has a consensus rating of “Buy” and an average target price of $17.83.
In other Monmouth R.E. Inv. news, insider Umh Properties, Inc. acquired 9,053 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were purchased at an average price of $17.01 per share, for a total transaction of $153,991.53. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael P. Landy acquired 1,400 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average price of $18.05 per share, for a total transaction of $25,270.00. Following the purchase, the insider now directly owns 370,977 shares of the company’s stock, valued at $6,696,134.85. The disclosure for this purchase can be found here. Insiders bought 10,573 shares of company stock worth $181,266 in the last quarter. Company insiders own 5.31% of the company’s stock.
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About Monmouth R.E. Inv.
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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