The stock of Monmouth R.E. Inv. Corp. (NYSE:MNR) is a huge mover today! The stock increased 3.99% or $0.56 during the last trading session, hitting $14.59. About 548,682 shares traded hands or 52.61% up from the average. Monmouth R.E. Inv. Corp. (NYSE:MNR) has risen 21.16% since April 26, 2016 and is uptrending. It has outperformed by 15.90% the S&P500.
The move comes after 6 months positive chart setup for the $886.93 million company. It was reported on Nov, 29 by Barchart.com. We have $15.47 PT which if reached, will make NYSE:MNR worth $53.22 million more.
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. The company was maintained on Monday, August 24 by BMO Capital Markets. Wunderlich maintained the shares of MNR in a report on Friday, August 5 with “Buy” rating. As per Friday, May 6, the company rating was maintained by Wunderlich. Janney Capital initiated the shares of MNR in a report on Tuesday, July 19 with “Buy” rating. On Monday, August 10 the stock rating was maintained by Wunderlich with “Buy”.
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 1.72 in 2016 Q2. Its up 0.01, from 1.71 in 2016Q1. The ratio is positive, 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.
Vanguard Group Inc reported 7.32M shares or 0.01% of all its holdings. Moreover, Millennium Limited Liability Corporation has 0.01% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 404,899 shares. Rainier Inv Management Llc reported 799,740 shares or 0.51% of all its holdings. The United Kingdom-based Barclays Public Limited has invested 0% in Monmouth R.E. Inv. Corp. (NYSE:MNR). Ridgeworth Mngmt Limited Liability Corp last reported 150,022 shares in the company. Blackrock Advsr Limited Co, a Delaware-based fund reported 32,014 shares. Winslow Evans & Crocker has invested 0% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR). Oppenheimer has invested 0.01% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR). Cap Investment Counsel holds 0.13% or 19,480 shares in its portfolio. Williams Jones Assocs Ltd holds 0.02% or 30,393 shares in its portfolio. Retail Bank Of Nova Scotia has 0% invested in the company for 11,300 shares. Parametric Assoc Limited Liability Corp has invested 0% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR). Secor Advsrs L P accumulated 0.02% or 10,952 shares. Foundry Limited Company holds 184,304 shares or 0.14% of its portfolio. Ct Mason accumulated 0.16% or 28,446 shares.
Insider Transactions: Since June 15, 2016, the stock had 13 buys, and 1 sale for $428,303 net activity. The insider LANDY MICHAEL P bought $1,995. Shares for $139,050 were sold by LANDY SAMUEL A on Tuesday, September 13. On Tuesday, September 13 WOLGIN STEVEN B bought $212,500 worth of the stock or 8,500 shares. $997 worth of Monmouth R.E. Inv. Corp. (NYSE:MNR) was bought by Miller Kevin S. on Wednesday, June 15. UMH PROPERTIES – INC. had bought 12,664 shares worth $153,994. Shares for $19,999 were bought by Nagelberg Allison.
More notable recent Monmouth R.E. Inv. Corp. (NYSE:MNR) news were published by: Prnewswire.com which released: “Monmouth Real Estate Investment Corporation Launches New Corporate Website” on November 01, 2016, also Prnewswire.com with their article: “Monmouth Real Estate Investment Corporation Announces Pricing Of Preferred …” published on September 06, 2016, Prnewswire.com published: “Monmouth Real Estate Investment Corporation Announces New Acquisition In The …” on August 29, 2016. More interesting news about Monmouth R.E. Inv. Corp. (NYSE:MNR) were released by: Prnewswire.com and their article: “Monmouth Real Estate Investment Corporation Announces New Acquisition In The …” published on October 17, 2016 as well as Prnewswire.com‘s news article titled: “Monmouth Real Estate Investment Corporation Announces New Acquisition In The …” with publication date: August 22, 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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