Headlines about Monmouth R.E. Inv. (NYSE:MNR) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Monmouth R.E. Inv. earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.2250210129501 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
Shares of Monmouth R.E. Inv. stock traded down $0.19 on Friday, hitting $14.97. 460,630 shares of the company’s stock were exchanged, compared to its average volume of 440,710. The stock has a market capitalization of $1,177.81, a PE ratio of 19.70, a P/E/G ratio of 2.41 and a beta of 0.54. Monmouth R.E. Inv. has a 1 year low of $13.87 and a 1 year high of $18.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 6.85 and a quick ratio of 6.85.
Monmouth R.E. Inv. (NYSE:MNR) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.04). The business had revenue of $32.95 million for the quarter, compared to analysts’ expectations of $32.48 million. Monmouth R.E. Inv. had a return on equity of 9.08% and a net margin of 36.04%. research analysts anticipate that Monmouth R.E. Inv. will post 0.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, May 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Monday, May 14th. Monmouth R.E. Inv.’s dividend payout ratio is presently 89.47%.
Several equities research analysts recently issued reports on MNR shares. BMO Capital Markets restated a “hold” rating and issued a $18.00 target price on shares of Monmouth R.E. Inv. in a report on Tuesday, January 9th. Zacks Investment Research cut shares of Monmouth R.E. Inv. from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. Finally, B. Riley cut shares of Monmouth R.E. Inv. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $18.50 to $16.50 in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Monmouth R.E. Inv. presently has a consensus rating of “Hold” and a consensus target price of $17.50.
In other Monmouth R.E. Inv. news, Director Catherine B. Elflein purchased 3,460 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of $14.38 per share, for a total transaction of $49,754.80. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 3,672 shares of company stock worth $52,752 in the last quarter. Corporate insiders own 5.31% of the company’s stock.
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About Monmouth R.E. Inv.
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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