Monmouth Real Estate Investment Corporation (MNR) Scheduled to Post Earnings on Wednesday
Monmouth Real Estate Investment Corporation (NYSE:MNR) will be posting its quarterly earnings results after the market closes on Wednesday, November 29th. Analysts expect Monmouth Real Estate Investment to post earnings of $0.10 per share for the quarter.
Monmouth Real Estate Investment Corporation (NYSE:MNR) opened at $17.70 on Monday. The stock has a market capitalization of $1,284.35, a price-to-earnings ratio of 23.92, a PEG ratio of 2.74 and a beta of 0.51. The company has a debt-to-equity ratio of 1.51, a quick ratio of 7.24 and a current ratio of 7.24. Monmouth Real Estate Investment Corporation has a one year low of $13.30 and a one year high of $17.77.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Monmouth Real Estate Investment’s previous quarterly dividend of $0.16. Monmouth Real Estate Investment’s payout ratio is 226.67%.
Several research analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating on shares of Monmouth Real Estate Investment in a research note on Wednesday, November 1st. Zacks Investment Research raised Monmouth Real Estate Investment from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Wednesday, August 16th. National Securities reaffirmed a “buy” rating and set a $18.00 price target (up previously from $16.50) on shares of Monmouth Real Estate Investment in a research note on Monday, August 21st. Finally, BMO Capital Markets assumed coverage on Monmouth Real Estate Investment in a research note on Monday, September 11th. They set a “market perform” rating and a $16.50 price target for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Monmouth Real Estate Investment has an average rating of “Buy” and a consensus price target of $17.00.
In related news, Chairman Eugene W. Landy sold 32,500 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $16.27, for a total value of $528,775.00. Following the completion of the transaction, the chairman now owns 880,705 shares of the company’s stock, valued at approximately $14,329,070.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 445 shares of company stock valued at $7,004 in the last three months. 5.31% of the stock is currently owned by corporate insiders.
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About Monmouth Real Estate Investment
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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