Monmouth Real Estate Investment Corporation (NYSE:MNR) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 29th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

Monmouth Real Estate Investment Corporation (NYSE:MNR) opened at $17.67 on Wednesday. Monmouth Real Estate Investment Corporation has a 1 year low of $13.30 and a 1 year high of $17.71. The company has a market capitalization of $1,310.00, a P/E ratio of 23.42, a P/E/G ratio of 2.68 and a beta of 0.51. The company has a debt-to-equity ratio of 1.51, a quick ratio of 7.24 and a current ratio of 7.24.

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 given a dividend of $0.17 per share. This is an increase from Monmouth Real Estate Investment Corporation’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, November 14th. This represents a $0.68 dividend on an annualized basis and a yield of 3.85%. Monmouth Real Estate Investment Corporation’s dividend payout ratio (DPR) is presently 226.67%.

In other Monmouth Real Estate Investment Corporation news, Chairman Eugene W. Landy sold 32,500 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $16.27, for a total transaction of $528,775.00. Following the completion of the sale, the chairman now owns 880,705 shares of the company’s stock, valued at $14,329,070.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have acquired 1,245 shares of company stock valued at $27,164. 5.31% of the stock is owned by insiders.

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MNR has been the topic of a number of analyst reports. Zacks Investment Research upgraded Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Wednesday, October 4th. B. Riley reiterated a “buy” rating on shares of Monmouth Real Estate Investment Corporation in a research report on Wednesday, November 1st. National Securities reiterated a “buy” rating and set a $18.00 price objective (up previously from $16.50) on shares of Monmouth Real Estate Investment Corporation in a research report on Monday, August 21st. BidaskClub downgraded Monmouth Real Estate Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets started coverage on Monmouth Real Estate Investment Corporation in a research report on Monday, September 11th. They set a “market perform” rating and a $16.50 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Monmouth Real Estate Investment Corporation currently has an average rating of “Buy” and a consensus price target of $17.00.

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.

Earnings History for Monmouth Real Estate Investment Corporation (NYSE:MNR)

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