Monmouth R.E. Inv. (NYSE:MNR)‘s stock had its “hold” rating reissued by equities research analysts at BMO Capital Markets in a research note issued to investors on Tuesday. They presently have a $18.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ target price suggests a potential upside of 2.27% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. B. Riley reiterated a “buy” rating on shares of Monmouth R.E. Inv. in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Monmouth R.E. Inv. from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, October 4th. Finally, National Securities increased their price objective on Monmouth R.E. Inv. from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Monmouth R.E. Inv. presently has an average rating of “Buy” and an average target price of $17.83.

Monmouth R.E. Inv. (NYSE:MNR) traded down $0.25 during trading hours on Tuesday, reaching $17.60. The company’s stock had a trading volume of 222,152 shares, compared to its average volume of 277,950. The stock has a market capitalization of $1,360.00, a PE ratio of 55.00, a price-to-earnings-growth ratio of 2.82 and a beta of 0.51. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.50 and a quick ratio of 4.50. Monmouth R.E. Inv. has a 1 year low of $13.68 and a 1 year high of $18.45.

Monmouth R.E. Inv. (NYSE:MNR) last released its quarterly earnings data on Wednesday, November 29th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.12). The business had revenue of $30.40 million during the quarter, compared to analysts’ expectations of $30.91 million. Monmouth R.E. Inv. had a return on equity of 7.65% and a net margin of 30.84%. The company’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. sell-side analysts anticipate that Monmouth R.E. Inv. will post 0.9 EPS for the current fiscal year.

In other news, insider Umh Properties, Inc. bought 9,053 shares of the stock in a transaction on Friday, December 15th. The shares were bought at an average price of $17.01 per share, with a total value of $153,991.53. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael P. Landy bought 1,400 shares of the stock in a transaction on Tuesday, December 19th. The stock was purchased at an average cost of $18.05 per share, for a total transaction of $25,270.00. Following the acquisition, the insider now directly owns 370,977 shares of the company’s stock, valued at approximately $6,696,134.85. The disclosure for this purchase can be found here. Insiders acquired 10,761 shares of company stock valued at $184,267 in the last quarter. 5.31% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its holdings in Monmouth R.E. Inv. by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 77,615 shares of the real estate investment trust’s stock valued at $1,168,000 after purchasing an additional 362 shares during the last quarter. QS Investors LLC grew its holdings in Monmouth R.E. Inv. by 6.8% in the second quarter. QS Investors LLC now owns 11,357 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 720 shares during the last quarter. Martingale Asset Management L P grew its holdings in Monmouth R.E. Inv. by 0.5% in the second quarter. Martingale Asset Management L P now owns 179,104 shares of the real estate investment trust’s stock valued at $2,696,000 after purchasing an additional 900 shares during the last quarter. Moors & Cabot Inc. grew its holdings in Monmouth R.E. Inv. by 1.2% in the second quarter. Moors & Cabot Inc. now owns 109,442 shares of the real estate investment trust’s stock valued at $1,655,000 after purchasing an additional 1,277 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Monmouth R.E. Inv. by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 52,964 shares of the real estate investment trust’s stock valued at $798,000 after purchasing an additional 2,098 shares during the last quarter. 63.11% of the stock is currently owned by institutional investors.

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Monmouth R.E. Inv. 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.

Analyst Recommendations for Monmouth R.E. Inv. (NYSE:MNR)

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