Monmouth Real Estate Investment (NYSE:MNR) will be posting its quarterly earnings results after the market closes on Monday, November 23rd. Analysts expect Monmouth Real Estate Investment to post earnings of $0.21 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Shares of NYSE:MNR opened at $14.53 on Friday. The business’s fifty day moving average price is $14.33 and its two-hundred day moving average price is $13.98. Monmouth Real Estate Investment has a fifty-two week low of $8.42 and a fifty-two week high of $15.53. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -66.05 and a beta of 0.75. The company has a debt-to-equity ratio of 1.50, a current ratio of 6.49 and a quick ratio of 6.49.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Friday, November 13th. Monmouth Real Estate Investment’s dividend payout ratio (DPR) is 80.00%.
A number of analysts have weighed in on the company. Berenberg Bank assumed coverage on Monmouth Real Estate Investment in a research report on Wednesday, October 28th. They issued a “buy” rating and a $17.00 price target on the stock. Royal Bank of Canada upped their price target on Monmouth Real Estate Investment from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Monday, August 24th. ValuEngine upgraded Monmouth Real Estate Investment from a “sell” rating to a “hold” rating in a research report on Friday, September 11th. National Securities initiated coverage on Monmouth Real Estate Investment in a research report on Monday, October 26th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Zacks Investment Research lowered Monmouth Real Estate Investment from a “buy” rating to a “hold” rating in a research note on Thursday, November 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.83.
About Monmouth Real Estate Investment
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize 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 118 properties containing a total of approximately 23.3 million rentable square feet, geographically diversified across 31 states.
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