Monmouth R.E. Inv. (MNR) Receiving Somewhat Favorable Media Coverage, Study Shows

News coverage about Monmouth R.E. Inv. (NYSE:MNR) has trended somewhat positive on Friday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. 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 0.04 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.3386702489894 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

Monmouth R.E. Inv. (NYSE MNR) opened at $17.52 on Friday. Monmouth R.E. Inv. has a 1 year low of $13.68 and a 1 year high of $18.45. The stock has a market capitalization of $1,343.02, a price-to-earnings ratio of 22.78, a PEG ratio of 2.79 and a beta of 0.52. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.50 and a current ratio of 4.50.

Monmouth R.E. Inv. (NYSE:MNR) last issued its quarterly earnings results on Wednesday, November 29th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.12). The firm had revenue of $30.40 million for the quarter, compared to analyst estimates of $30.91 million. Monmouth R.E. Inv. had a net margin of 30.84% and a return on equity of 7.65%. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. sell-side analysts predict that Monmouth R.E. Inv. will post 0.9 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, November 14th. This is a positive change from Monmouth R.E. Inv.’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 3.88%. Monmouth R.E. Inv.’s dividend payout ratio (DPR) is currently 212.51%.

A number of analysts have recently weighed in on MNR shares. BMO Capital Markets started coverage on Monmouth R.E. Inv. in a research report on Monday, September 11th. They set a “market perform” rating and a $16.50 price target on the stock. B. Riley raised their target price on Monmouth R.E. Inv. from $16.50 to $18.50 and gave the company a “buy” rating in a research report on Friday, December 1st. National Securities raised their target price on Monmouth R.E. Inv. from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Finally, Zacks Investment Research upgraded Monmouth R.E. Inv. from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.58.

In related news, insider Umh Properties, Inc. acquired 9,053 shares of Monmouth R.E. Inv. stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $17.01 per share, with a total value of $153,991.53. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael P. Landy bought 1,400 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average cost of $18.05 per share, with a total value of $25,270.00. Following the transaction, the insider now owns 370,977 shares of the company’s stock, valued at $6,696,134.85. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 10,761 shares of company stock valued at $184,267. 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.

Insider Buying and Selling by Quarter for Monmouth R.E. Inv. (NYSE:MNR)

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