Somewhat Favorable News Coverage Somewhat Unlikely to Affect Monmouth R.E. Inv. (MNR) Stock Price

Media headlines about Monmouth R.E. Inv. (NYSE:MNR) have trended somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Monmouth R.E. Inv. earned a news impact score of 0.14 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.8470062298511 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Monmouth R.E. Inv. (NYSE MNR) opened at $17.04 on Wednesday. The company has a quick ratio of 4.50, a current ratio of 4.50 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $1,305.50, a PE ratio of 53.25, a P/E/G ratio of 2.72 and a beta of 0.51. Monmouth R.E. Inv. has a 12-month low of $13.68 and a 12-month high of $18.45.

Monmouth R.E. Inv. (NYSE:MNR) last announced its quarterly earnings data on Wednesday, November 29th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.12). The firm had revenue of $30.40 million during the quarter, compared to analyst estimates of $30.91 million. Monmouth R.E. Inv. had a return on equity of 7.65% and a net margin of 30.84%. Monmouth R.E. Inv.’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. analysts anticipate that Monmouth R.E. Inv. will post 0.9 EPS for the current year.

MNR has been the subject of several research reports. National Securities raised their target price on Monmouth R.E. Inv. from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. B. Riley lifted their price objective on Monmouth R.E. Inv. from $16.50 to $18.50 and gave the company a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised Monmouth R.E. Inv. from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Wednesday, October 4th. Finally, BMO Capital Markets reissued a “hold” rating and set a $18.00 price objective on shares of Monmouth R.E. Inv. in a report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.83.

In other Monmouth R.E. Inv. news, insider Michael P. Landy acquired 1,400 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average price of $18.05 per share, for a total transaction of $25,270.00. Following the acquisition, the insider now directly owns 370,977 shares of the company’s stock, valued at approximately $6,696,134.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Umh Properties, Inc. acquired 9,053 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were acquired at an average price of $17.01 per share, for a total transaction of $153,991.53. The disclosure for this purchase can be found here. Insiders have bought a total of 10,573 shares of company stock valued at $181,266 over the last 90 days. Corporate insiders own 5.31% of the company’s stock.

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Monmouth R.E. Inv. 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 R.E. Inv. (NYSE:MNR)

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