Monmouth Real Estate Investment Corporation (NYSE:MNR) Earning Positive News Coverage, Analysis Finds

Press coverage about Monmouth Real Estate Investment Corporation (NYSE:MNR) has trended positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Monmouth Real Estate Investment Corporation earned a daily sentiment score of 0.49 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) traded down 0.84% during trading on Friday, reaching $15.35. 158,264 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $15.21 and a 200 day moving average price of $14.74. Monmouth Real Estate Investment Corporation has a 12-month low of $12.89 and a 12-month high of $15.67. The company has a market capitalization of $1.11 billion, a P/E ratio of 48.58 and a beta of 0.51.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Friday, August 11th. Monmouth Real Estate Investment Corporation’s payout ratio is presently 200.01%.

MNR has been the subject of several recent research reports. Zacks Investment Research upgraded Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Wednesday, April 12th. National Securities restated a “buy” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a report on Thursday, May 4th. FBR & Co restated an “outperform” rating and issued a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a report on Tuesday, July 11th. BidaskClub upgraded shares of Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, DA Davidson upgraded shares of Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a report on Thursday, May 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Monmouth Real Estate Investment Corporation presently has a consensus rating of “Buy” and a consensus price target of $16.00.

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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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