Worth Watching: Does Monmouth R.E. Inv. Corp. Have Any Gas After Today’s Huge Decline?

Worth Watching: Does Monmouth R.E. Inv. Corp. Have Any Gas After Today's Huge Decline?

The stock of Monmouth R.E. Inv. Corp. (NYSE:MNR) is a huge mover today! The stock decreased 3.26% or $0.45 on October 5, hitting $13.19. Monmouth R.E. Inv. Corp. (NYSE:MNR) has risen 21.79% since March 2, 2016 and is uptrending. It has outperformed by 13.53% the S&P500.
The move comes after 8 months negative chart setup for the $806.86 million company. It was reported on Oct, 6 by Barchart.com. We have $12.27 PT which if reached, will make NYSE:MNR worth $56.48M less.

Analysts await Monmouth R.E. Inv. Corp. (NYSE:MNR) to report earnings on December, 14. They expect $0.18 earnings per share, up 20.00% or $0.03 from last year’s $0.15 per share. MNR’s profit will be $11.01 million for 18.32 P/E if the $0.18 EPS becomes a reality. After $0.19 actual earnings per share reported by Monmouth R.E. Inv. Corp. for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth.

Monmouth R.E. Inv. Corp. (NYSE:MNR) Ratings Coverage

Out of 3 analysts covering Monmouth Real Estate Investment Corporation (NYSE:MNR), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Monmouth Real Estate Investment Corporation has been the topic of 6 analyst reports since August 10, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained Monmouth R.E. Inv. Corp. (NYSE:MNR) rating on Monday, August 24. BMO Capital Markets has “Outperform” rating and $11.50 price target. The company was maintained on Friday, August 5 by Wunderlich. The firm has “Buy” rating given on Tuesday, July 19 by Janney Capital. As per Monday, August 10, the company rating was maintained by Wunderlich. Wunderlich maintained Monmouth R.E. Inv. Corp. (NYSE:MNR) rating on Friday, May 6. Wunderlich has “Buy” rating and $13 price target.

According to Zacks Investment Research, “MONMOUTH REAL ESTATE INVT operates as a qualified hybrid real estate investment trust under the Internal Revenue Code of 1954.”

Insitutional Activity: The institutional sentiment increased to 1.71 in 2016 Q2. Its up 0.01, from 1.7 in 2016Q1. The ratio improved, as 11 funds sold all Monmouth R.E. Inv. Corp. shares owned while 45 reduced positions. 25 funds bought stakes while 71 increased positions. They now own 35.71 million shares or 4.10% more from 34.30 million shares in 2016Q1.
Denali Limited Co has 0.14% invested in the company for 60,575 shares. Stifel Fincl has invested 0% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR). Menta Cap Limited Liability Company accumulated 37,194 shares or 0.07% of the stock. Shufro Rose And has 0.16% invested in the company for 112,550 shares. Shinko Asset Management accumulated 2,300 shares or 0% of the stock. Diam Ltd last reported 0.03% of its portfolio in the stock. The Japan-based Daiwa Secs Incorporated has invested 0% in Monmouth R.E. Inv. Corp. (NYSE:MNR). Jpmorgan Chase And, a New York-based fund reported 93,711 shares. Aqr Cap Mgmt Limited Liability Com, a Connecticut-based fund reported 104,862 shares. Principal Financial Grp Inc accumulated 399,858 shares or 0.01% of the stock. Wfg Advisors L P accumulated 35,362 shares or 0.13% of the stock. Neuberger Berman Grp Ltd Llc has invested 0% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR). Connor Clark & Lunn Inv holds 0% or 21,700 shares in its portfolio. Morgan Stanley last reported 0% of its portfolio in the stock. Moreover, Ubs Asset Mgmt Americas Inc has 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 40,498 shares.

Insider Transactions: Since April 15, 2016, the stock had 12 buys, and 1 insider sale for $426,231 net activity. 901 Monmouth R.E. Inv. Corp. (NYSE:MNR) shares with value of $10,001 were bought by HERSTIK NEAL. LANDY SAMUEL A sold $139,050 worth of stock. UMH PROPERTIES – INC. had bought 12,664 shares worth $153,994. 81 Monmouth R.E. Inv. Corp. (NYSE:MNR) shares with value of $919 were bought by Miller Kevin S.. LANDY MICHAEL P had bought 650 shares worth $8,879. Another trade for 8,500 shares valued at $212,500 was bought by WOLGIN STEVEN B. Nagelberg Allison had bought 1,522 shares worth $19,999.

More notable recent Monmouth R.E. Inv. Corp. (NYSE:MNR) news were published by: Prnewswire.com which released: “Monmouth Real Estate Investment Corporation Declares Common and Preferred …” on October 03, 2016, also Prnewswire.com with their article: “Monmouth Real Estate Investment Corporation will Present to the Philadelphia …” published on September 26, 2016, Prnewswire.com published: “Monmouth Real Estate Investment Corporation Announces Closing Of Preferred …” on September 13, 2016. More interesting news about Monmouth R.E. Inv. Corp. (NYSE:MNR) were released by: Reuters.com and their article: “BRIEF-Monmouth Real Estate Investment Corp increases and extends its unsec…” published on October 03, 2016 as well as Prnewswire.com‘s news article titled: “Monmouth Real Estate Investment Corporation Announces New Acquisition In The …” with publication date: August 29, 2016.

MNR Company Profile

Monmouth Real Estate Investment Corporation, incorporated on March 12, 2003, is a self-administered and self-managed real estate investment trust (REIT). The Company’s primary business is the ownership of real estate. The Company’s investment focus is to own modern industrial buildings, leased primarily to investment-grade tenants on long-term net-leases. In addition, the Company owns a portfolio of REIT investment securities.

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