Monmouth R.E. Inv. Corp. Class A (MNR) Receiving Somewhat Favorable Media Coverage, Analysis Finds
News stories about Monmouth R.E. Inv. Corp. Class A (NYSE:MNR) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Monmouth R.E. Inv. Corp. Class A earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 47.9065483882151 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of NYSE MNR traded down $0.22 during trading on Friday, hitting $17.01. The company had a trading volume of 950 shares, compared to its average volume of 264,090. Monmouth R.E. Inv. Corp. Class A has a fifty-two week low of $13.87 and a fifty-two week high of $18.45. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.51. The company has a quick ratio of 5.61, a current ratio of 5.61 and a debt-to-equity ratio of 1.59.
Monmouth R.E. Inv. Corp. Class A (NYSE:MNR) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.10). Monmouth R.E. Inv. Corp. Class A had a net margin of 35.32% and a return on equity of 9.44%. The company had revenue of $36.20 million during the quarter, compared to analyst estimates of $35.28 million. equities research analysts anticipate that Monmouth R.E. Inv. Corp. Class A will post 0.9 EPS for the current fiscal year.
A number of research firms have weighed in on MNR. Boenning Scattergood set a $19.00 price objective on shares of Monmouth R.E. Inv. Corp. Class A and gave the company a “buy” rating in a report on Friday. Zacks Investment Research upgraded shares of Monmouth R.E. Inv. Corp. Class A from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, July 17th. Finally, B. Riley set a $17.00 target price on shares of Monmouth R.E. Inv. Corp. Class A and gave the company a “hold” rating in a research report on Thursday, May 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $18.60.
In other Monmouth R.E. Inv. Corp. Class A news, insider Umh Properties, Inc. purchased 10,505 shares of the stock in a transaction that occurred on Friday, June 15th. The shares were purchased at an average cost of $14.66 per share, for a total transaction of $154,003.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $16.84, for a total transaction of $134,720.00. Following the transaction, the chairman now owns 852,776 shares in the company, valued at $14,360,747.84. The disclosure for this sale can be found here. In the last quarter, insiders bought 15,696 shares of company stock worth $236,260. Company insiders own 4.63% of the company’s stock.
About Monmouth R.E. Inv. Corp. Class A
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully-integrated and self-managed real estate company, whose property portfolio consists of 109 properties containing a total of approximately 20.5 million rentable square feet, geographically diversified across 30 states.
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