Monmouth R.E. Inv. Corp. (MNR) Earns Coverage Optimism Rating of 0.08

Headlines about Monmouth R.E. Inv. Corp. (NYSE:MNR) have been trending somewhat positive this week, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monmouth R.E. Inv. Corp. earned a news sentiment score of 0.08 on Alpha One’s scale. Alpha One also gave headlines about the real estate investment trust an impact score of 82 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected AlphaOne’s analysis:

Shares of Monmouth R.E. Inv. Corp. (NYSE:MNR) traded down 0.33% on Friday, hitting $14.98. The company’s stock had a trading volume of 78,530 shares. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 46.67 and a beta of 0.54. The stock’s 50 day moving average is $14.32 and its 200-day moving average is $14.22. Monmouth R.E. Inv. Corp. has a 52 week low of $11.27 and a 52 week high of $15.35.

Monmouth R.E. Inv. Corp. (NYSE:MNR) last issued its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $0.09 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.09. The company had revenue of $27.18 million for the quarter, compared to the consensus estimate of $23.17 million. Monmouth R.E. Inv. Corp. had a net margin of 33.44% and a return on equity of 7.87%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. On average, equities research analysts anticipate that Monmouth R.E. Inv. Corp. will post $0.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, May 15th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, May 11th. Monmouth R.E. Inv. Corp.’s dividend payout ratio (DPR) is currently 193.95%.

Separately, Zacks Investment Research raised Monmouth R.E. Inv. Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, April 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.67.

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In related news, Director Steven B. Wolgin purchased 4,500 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were bought at an average cost of $24.28 per share, with a total value of $109,260.00. Following the acquisition, the director now owns 13,000 shares of the company’s stock, valued at $315,640. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 16,132 shares of company stock worth $269,411 over the last three months. 5.61% of the stock is owned by insiders.

Monmouth R.E. Inv. Corp. Company Profile

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.

5 Day Chart for NYSE:MNR

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