Monmouth Real Estate Investment (MNR) Earning Somewhat Favorable News Coverage, Study Finds
Media coverage about Monmouth Real Estate Investment (NYSE:MNR) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of 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 earned a news impact score of 0.08 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 47.4507663332226 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Monmouth Real Estate Investment (MNR) PT Raised to $20.00 (americanbankingnews.com)
- Monmouth Real Estate Investment Corporation Forecasted to Earn Q1 2018 Earnings of $0.20 Per Share (MNR) (americanbankingnews.com)
- Monmouth Real Estate Investment Corporation (MNR) to Post Q1 2018 Earnings of $0.23 Per Share, B. Riley Forecasts (americanbankingnews.com)
- MONMOUTH REAL ESTATE INVESTMENT CORPORATION (NYSE:MNR-B) Files An 8-K Results of Operations and Financial Condition (4-traders.com)
- Edited Transcript of MNR earnings conference call or presentation 30-Nov-17 3:00pm GMT (finance.yahoo.com)
Shares of Monmouth Real Estate Investment (NYSE:MNR) opened at $17.66 on Thursday. Monmouth Real Estate Investment has a twelve month low of $13.68 and a twelve month high of $18.45. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 1.52. The company has a market cap of $1,392.79, a price-to-earnings ratio of 23.62, a P/E/G ratio of 2.90 and a beta of 0.52.
Monmouth Real Estate Investment (NYSE:MNR) last issued its quarterly earnings data on Wednesday, November 29th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). Monmouth Real Estate Investment had a return on equity of 7.65% and a net margin of 30.84%. The company had revenue of $30.40 million for the quarter, compared to analyst estimates of $30.91 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The company’s revenue was up 19.2% on a year-over-year basis. analysts predict that Monmouth Real Estate Investment will post 0.9 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.85%. This is a positive change from Monmouth Real Estate Investment’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, November 14th. Monmouth Real Estate Investment’s dividend payout ratio (DPR) is presently 212.51%.
MNR has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Monmouth Real Estate Investment from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, August 16th. B. Riley increased their target price on shares of Monmouth Real Estate Investment from $16.50 to $18.50 and gave the stock a “buy” rating in a report on Friday, December 1st. National Securities increased their target price on shares of Monmouth Real Estate Investment from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets initiated coverage on shares of Monmouth Real Estate Investment in a report on Monday, September 11th. They issued a “market perform” rating and a $16.50 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.58.
In related news, Chairman Eugene W. Landy sold 32,500 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $16.27, for a total transaction of $528,775.00. Following the sale, the chairman now directly owns 880,705 shares in the company, valued at $14,329,070.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have purchased 445 shares of company stock worth $7,004. 5.31% of the stock is currently owned by company insiders.
About Monmouth Real Estate Investment
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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