Monmouth Real Estate Investment Corporation (NYSE:MNR) Earning Positive News Coverage, Accern Reports

News articles about Monmouth Real Estate Investment Corporation (NYSE:MNR) have trended positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring 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 news impact score of 0.49 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.

Shares of Monmouth Real Estate Investment Corporation (NYSE:MNR) opened at 15.09 on Wednesday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 47.75 and a beta of 0.51. Monmouth Real Estate Investment Corporation has a one year low of $12.89 and a one year high of $15.45. The company has a 50-day moving average price of $14.83 and a 200 day moving average price of $14.65.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.24%. Monmouth Real Estate Investment Corporation’s dividend payout ratio is currently 200.01%.

A number of brokerages have weighed in on MNR. DA Davidson raised Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, May 18th. Zacks Investment Research upgraded Monmouth Real Estate Investment Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. FBR & Co initiated coverage on Monmouth Real Estate Investment Corporation in a report on Tuesday. They set an “outperform” rating and a $16.50 price objective for the company. Finally, National Securities restated a “buy” rating and set a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a report on Thursday, May 4th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Monmouth Real Estate Investment Corporation currently has an average rating of “Buy” and a consensus price target of $15.79.

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In other Monmouth Real Estate Investment Corporation news, Director Steven B. Wolgin purchased 4,640 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were acquired at an average price of $14.01 per share, for a total transaction of $65,006.40. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought a total of 5,787 shares of company stock worth $81,547 in the last 90 days. 5.31% of the stock is owned by insiders.

Monmouth Real Estate Investment Corporation Company Profile

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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