Recent Research Analysts’ Ratings Updates for Monmouth R.E. Inv. (MNR)

Monmouth R.E. Inv. (NYSE: MNR) recently received a number of ratings updates from brokerages and research firms:

  • 12/1/2018 – Monmouth R.E. Inv. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MONMOUTH REAL ESTATE INVT operates as a qualified hybrid real estate investment trust under the Internal Revenue Code of 1954. “
  • 11/30/2018 – Monmouth R.E. Inv. was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 11/29/2018 – Monmouth R.E. Inv. was given a new $19.00 price target on by analysts at Boenning Scattergood. They now have a “buy” rating on the stock.
  • 11/20/2018 – Monmouth R.E. Inv. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MONMOUTH REAL ESTATE INVT operates as a qualified hybrid real estate investment trust under the Internal Revenue Code of 1954. “
  • 11/14/2018 – Monmouth R.E. Inv. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MONMOUTH REAL ESTATE INVT operates as a qualified hybrid real estate investment trust under the Internal Revenue Code of 1954. “
  • 11/8/2018 – Monmouth R.E. Inv. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MONMOUTH REAL ESTATE INVT operates as a qualified hybrid real estate investment trust under the Internal Revenue Code of 1954. “
  • 10/17/2018 – Monmouth R.E. Inv. was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/9/2018 – Monmouth R.E. Inv. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MONMOUTH REAL ESTATE INVT operates as a qualified hybrid real estate investment trust under the Internal Revenue Code of 1954. “
  • 10/9/2018 – Monmouth R.E. Inv. was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $17.00 price target on the stock, down previously from $17.50.
  • 10/4/2018 – Monmouth R.E. Inv. was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Shares of NYSE MNR opened at $13.93 on Monday. Monmouth R.E. Inv. Corp. has a 1-year low of $13.64 and a 1-year high of $18.45. The company has a current ratio of 3.43, a quick ratio of 5.61 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 1.99 and a beta of 0.67.

Monmouth R.E. Inv. (NYSE:MNR) last issued its earnings results on Wednesday, November 28th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.15). Monmouth R.E. Inv. had a return on equity of 9.61% and a net margin of 34.09%. The company had revenue of $36.60 million during the quarter, compared to analyst estimates of $38.18 million. Sell-side analysts anticipate that Monmouth R.E. Inv. Corp. will post 1.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.88%. The ex-dividend date is Wednesday, November 14th. Monmouth R.E. Inv.’s dividend payout ratio is presently 78.16%.

In related news, insider Umh Properties, Inc. bought 9,396 shares of the company’s stock in a transaction on Monday, September 17th. The shares were purchased at an average cost of $16.39 per share, with a total value of $154,000.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael P. Landy bought 2,000 shares of the company’s stock in a transaction on Friday, November 30th. The stock was bought at an average cost of $13.70 per share, for a total transaction of $27,400.00. Following the completion of the transaction, the insider now directly owns 407,747 shares of the company’s stock, valued at $5,586,133.90. The disclosure for this purchase can be found here. Insiders acquired 13,841 shares of company stock worth $216,122 over the last ninety days. 4.63% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Monmouth R.E. Inv. by 2.8% during the third quarter. Vanguard Group Inc. now owns 7,951,515 shares of the real estate investment trust’s stock valued at $132,950,000 after purchasing an additional 214,442 shares during the period. BlackRock Inc. increased its holdings in shares of Monmouth R.E. Inv. by 2.9% during the third quarter. BlackRock Inc. now owns 7,437,398 shares of the real estate investment trust’s stock valued at $124,356,000 after purchasing an additional 206,447 shares during the period. Wasatch Advisors Inc. increased its holdings in shares of Monmouth R.E. Inv. by 19.1% during the third quarter. Wasatch Advisors Inc. now owns 6,444,876 shares of the real estate investment trust’s stock valued at $107,758,000 after purchasing an additional 1,035,717 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Monmouth R.E. Inv. by 1.7% during the third quarter. Renaissance Technologies LLC now owns 2,951,000 shares of the real estate investment trust’s stock valued at $49,341,000 after purchasing an additional 48,700 shares during the period. Finally, Boulegeris Investments Inc. increased its holdings in shares of Monmouth R.E. Inv. by 0.4% during the second quarter. Boulegeris Investments Inc. now owns 2,443,486 shares of the real estate investment trust’s stock valued at $40,391,000 after purchasing an additional 10,125 shares during the period. 64.04% of the stock is currently owned by institutional investors.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully-integrated and self-managed real estate company, whose property portfolio consists of 109 properties containing a total of approximately 20.5 million rentable square feet, geographically diversified across 30 states.

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