Press coverage about Monmouth Real Estate Investment Corporation (NYSE:MNR) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Monmouth Real Estate Investment Corporation earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.7279919909328 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Monmouth Real Estate Investment Corporation (MNR) opened at $17.30 on Friday. Monmouth Real Estate Investment Corporation has a 1-year low of $13.30 and a 1-year high of $17.45. The firm has a market capitalization of $1,239.35, a PE ratio of 23.08, a price-to-earnings-growth ratio of 2.64 and a beta of 0.51. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 1.51.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, November 14th. This is a positive change from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 3.93%. Monmouth Real Estate Investment Corporation’s dividend payout ratio is 226.67%.

Several research firms have recently weighed in on MNR. Zacks Investment Research downgraded Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. BMO Capital Markets began coverage on Monmouth Real Estate Investment Corporation in a research note on Monday, September 11th. They set a “market perform” rating and a $16.50 price target for the company. National Securities reissued a “buy” rating and set a $18.00 price objective (up previously from $16.50) on shares of Monmouth Real Estate Investment Corporation in a report on Monday, August 21st. B. Riley reissued a “buy” rating on shares of Monmouth Real Estate Investment Corporation in a report on Wednesday, November 1st. Finally, BidaskClub cut Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.00.

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In other news, Chairman Eugene W. Landy sold 32,500 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $16.27, for a total transaction of $528,775.00. Following the transaction, the chairman now directly owns 880,705 shares in the company, valued at approximately $14,329,070.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 1,245 shares of company stock worth $27,164 over the last quarter. Corporate insiders own 5.31% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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