Somewhat Positive News Coverage Somewhat Unlikely to Impact Monmouth Real Estate Investment Corporation (MNR) Stock Price
Headlines about Monmouth Real Estate Investment Corporation (NYSE:MNR) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public 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 0.23 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.008877572183 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Monmouth Real Estate Investment Corporation (MNR) Declares Dividend Increase – $0.17 Per Share (americanbankingnews.com)
- Monmouth Lands 220 KSF Akron-Area Facility (cpexecutive.com)
- BRIEF-Monmouth real estate announces dividend increase (reuters.com)
- Monmouth Real Estate Announces Dividend Increase (finance.yahoo.com)
- Monmouth Real Estate Declares Preferred Dividend (finance.yahoo.com)
Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. BMO Capital Markets assumed coverage on shares of Monmouth Real Estate Investment Corporation in a research note on Monday, September 11th. They issued a “market perform” rating and a $16.50 price target on the stock. National Securities reissued a “buy” rating and issued a $18.00 price target (up from $16.50) on shares of Monmouth Real Estate Investment Corporation in a research note on Monday, August 21st. BidaskClub raised shares of Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Finally, FBR & Co reissued an “outperform” rating and issued a $16.50 price target on shares of Monmouth Real Estate Investment Corporation in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Monmouth Real Estate Investment Corporation currently has a consensus rating of “Buy” and an average price target of $17.00.
Monmouth Real Estate Investment Corporation (MNR) traded up 0.12% during trading on Thursday, hitting $16.49. 243,063 shares of the stock traded hands. The company’s 50 day moving average price is $15.99 and its 200-day moving average price is $15.15. The stock has a market cap of $1.15 billion, a P/E ratio of 53.19 and a beta of 0.50. Monmouth Real Estate Investment Corporation has a 52-week low of $12.89 and a 52-week high of $16.63.
Monmouth Real Estate Investment Corporation (NYSE:MNR) last issued its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. The firm had revenue of $28.61 million for the quarter, compared to analysts’ expectations of $28.81 million. Monmouth Real Estate Investment Corporation had a net margin of 32.02% and a return on equity of 7.91%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 EPS. Equities research analysts forecast that Monmouth Real Estate Investment Corporation will post $0.33 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.12%. This is a boost from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, November 14th. Monmouth Real Estate Investment Corporation’s dividend payout ratio is presently 213.33%.
In related news, Chairman Eugene W. Landy sold 32,500 shares of the 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 sale, the chairman now directly 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 SEC, which is available through this hyperlink. Over the last three months, insiders purchased 1,827 shares of company stock worth $35,170. 5.31% of the stock is owned by corporate insiders.
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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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