Monmouth R.E. Inv. (NYSE:MNR) announced its earnings results on Monday. The real estate investment trust reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02, Fidelity Earnings reports. Monmouth R.E. Inv. had a return on equity of 1.18% and a net margin of 6.08%.
Shares of MNR opened at $14.83 on Tuesday. The company has a market capitalization of $1.40 billion, a PE ratio of 17.05 and a beta of 0.62. Monmouth R.E. Inv. has a 12 month low of $11.88 and a 12 month high of $15.23. The stock’s 50-day moving average price is $14.70 and its two-hundred day moving average price is $14.01. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 1.34.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, November 14th. Monmouth R.E. Inv.’s payout ratio is presently 78.16%.
Several brokerages have commented on MNR. Zacks Investment Research raised Monmouth R.E. Inv. from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. BMO Capital Markets set a $15.00 target price on Monmouth R.E. Inv. and gave the stock a “hold” rating in a report on Friday, August 2nd. B. Riley reaffirmed a “buy” rating on shares of Monmouth R.E. Inv. in a report on Tuesday, October 15th. Finally, Compass Point began coverage on Monmouth R.E. Inv. in a report on Friday, September 6th. They set a “buy” rating and a $16.50 target price on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Monmouth R.E. Inv. presently has an average rating of “Hold” and a consensus target price of $15.40.
About Monmouth R.E. Inv.
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 113 properties containing a total of approximately 21.8 million rentable square feet, geographically diversified across 30 states.
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