Shares of Monmouth Real Estate Investment Co. (NYSE:MNR) have received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.67.

Several analysts have weighed in on MNR shares. B. Riley boosted their target price on shares of Monmouth Real Estate Investment from $18.00 to $20.00 in a research report on Tuesday, December 22nd. Zacks Investment Research raised shares of Monmouth Real Estate Investment from a “sell” rating to a “hold” rating in a research report on Thursday, February 11th. Finally, BMO Capital Markets boosted their target price on shares of Monmouth Real Estate Investment from $17.00 to $18.00 in a research report on Friday, January 15th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Monmouth Real Estate Investment by 3.9% during the fourth quarter. BlackRock Inc. now owns 9,445,810 shares of the real estate investment trust’s stock worth $163,601,000 after buying an additional 355,332 shares in the last quarter. Northern Trust Corp boosted its holdings in Monmouth Real Estate Investment by 4.8% during the fourth quarter. Northern Trust Corp now owns 2,061,649 shares of the real estate investment trust’s stock worth $35,709,000 after buying an additional 93,539 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Monmouth Real Estate Investment by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,776,258 shares of the real estate investment trust’s stock worth $30,765,000 after buying an additional 96,697 shares in the last quarter. FMR LLC boosted its holdings in Monmouth Real Estate Investment by 132,971,100.0% during the first quarter. FMR LLC now owns 1,329,712 shares of the real estate investment trust’s stock worth $17,526,000 after buying an additional 1,329,711 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Monmouth Real Estate Investment by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,040,406 shares of the real estate investment trust’s stock worth $18,020,000 after buying an additional 5,283 shares in the last quarter. 67.62% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of NYSE MNR traded down $0.18 during trading hours on Thursday, hitting $17.44. 1,876 shares of the stock were exchanged, compared to its average volume of 492,410. The company has a quick ratio of 10.46, a current ratio of 10.46 and a debt-to-equity ratio of 1.55. The company has a market cap of $1.71 billion, a PE ratio of -35.08 and a beta of 0.78. The firm has a fifty day moving average price of $17.94 and a 200-day moving average price of $15.97. Monmouth Real Estate Investment has a 12 month low of $10.02 and a 12 month high of $18.86.

Monmouth Real Estate Investment (NYSE:MNR) last posted its quarterly earnings data on Wednesday, February 3rd. The real estate investment trust reported $0.26 EPS for the quarter, topping the consensus estimate of $0.07 by $0.19. Monmouth Real Estate Investment had a negative net margin of 13.19% and a negative return on equity of 3.69%. As a group, equities analysts anticipate that Monmouth Real Estate Investment will post 0.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Tuesday, February 16th were issued a $0.18 dividend. This is an increase from Monmouth Real Estate Investment’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Friday, February 12th. Monmouth Real Estate Investment’s dividend payout ratio is 92.31%.

Monmouth Real Estate Investment Company Profile

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 121 properties, containing a total of approximately 24.5 million rentable square feet, geographically diversified across 31 states.

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Analyst Recommendations for Monmouth Real Estate Investment (NYSE:MNR)

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