Monmouth R.E. Inv. Corp. (MNR)’s Stock Is Buy After Achieving 52-Week High

July 17, 2017 - By Maria Brooks

Investors sentiment decreased to 1.39 in Q4 2016. Its down 0.33, from 1.72 in 2016Q3. It fall, as 16 investors sold Monmouth R.E. Inv. Corp. shares while 54 reduced holdings. 29 funds opened positions while 68 raised stakes. 41.85 million shares or 6.51% more from 39.29 million shares in 2016Q3 were reported.
Legal & General Gp Incorporated Plc stated it has 143,461 shares or 0% of all its holdings. Boulegeris Invests stated it has 21.7% in Monmouth R.E. Inv. Corp. (NYSE:MNR). Price T Rowe Assoc Md, Maryland-based fund reported 62,456 shares. 85,194 are held by First Trust Advsr L P. North Star Mgmt owns 237,527 shares or 0.54% of their US portfolio. 400,120 are owned by Rainier Invest Management Lc. Ridgeworth Mgmt Ltd Liability Corp owns 141,457 shares for 0.02% of their portfolio. 128,910 were accumulated by Parametric Limited Com. Farmers & Merchants stated it has 491 shares. Nationwide Fund accumulated 40,479 shares. Moors And Cabot Inc holds 0.28% in Monmouth R.E. Inv. Corp. (NYSE:MNR) or 111,135 shares. Indexiq Limited Company holds 0.05% or 62,053 shares in its portfolio. Earnest Prtn Ltd Limited Liability Company reported 0% stake. Vanguard Grp invested in 7.41M shares. Raymond James owns 488,970 shares.

Since February 15, 2017, it had 11 buys, and 0 insider sales for $252,419 activity. On Wednesday, February 15 LANDY MICHAEL P bought $2,000 worth of Monmouth R.E. Inv. Corp. (NYSE:MNR) or 146 shares. Miller Kevin S. bought $1,000 worth of Monmouth R.E. Inv. Corp. (NYSE:MNR) on Wednesday, February 15. HERSTIK NEAL bought $48,995 worth of stock or 2,000 shares. $109,275 worth of stock was bought by WOLGIN STEVEN B on Thursday, March 9.

The stock of Monmouth R.E. Inv. Corp. (NYSE:MNR) hit a new 52-week high and has $16.62 target or 8.00 % above today’s $15.39 share price. The 8 months bullish chart indicates low risk for the $1.13 billion company. The 1-year high was reported on Jul, 17 by Barchart.com. If the $16.62 price target is reached, the company will be worth $90.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 149,221 shares traded. Monmouth R.E. Inv. Corp. (NYSE:MNR) has risen 27.78% since July 17, 2016 and is uptrending. It has outperformed by 11.08% the S&P500.

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

Among 5 analysts covering Monmouth Real Estate Investment Corporation (NYSE:MNR), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Monmouth Real Estate Investment Corporation had 10 analyst reports since August 10, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of MNR in report on Monday, August 24 with “Outperform” rating. The rating was maintained by Wunderlich with “Buy” on Monday, August 10. On Friday, May 5 the stock rating was maintained by National Securities with “Buy”. The firm earned “Neutral” rating on Thursday, December 1 by DA Davidson. The firm earned “Buy” rating on Friday, May 6 by Wunderlich. Wunderlich maintained Monmouth R.E. Inv. Corp. (NYSE:MNR) rating on Friday, August 5. Wunderlich has “Buy” rating and $15.50 target. The firm has “Buy” rating by Janney Capital given on Tuesday, July 19. The stock of Monmouth R.E. Inv. Corp. (NYSE:MNR) has “Buy” rating given on Thursday, May 18 by DA Davidson. The firm has “Market Perform” rating given on Friday, December 2 by BMO Capital Markets.

More notable recent Monmouth R.E. Inv. Corp. (NYSE:MNR) news were published by: Prnewswire.com which released: “Monmouth Real Estate Investment Corporation Announces Redemption In Full Of 7 …” on May 05, 2017, also Prnewswire.com with their article: “Monmouth Real Estate Investment Corporation Announces The Election Of Kevin S …” published on June 21, 2017, Prnewswire.com published: “Monmouth Real Estate Announces New Acquisition In The Dallas, TX MSA” on June 23, 2017. More interesting news about Monmouth R.E. Inv. Corp. (NYSE:MNR) were released by: Prnewswire.com and their article: “Monmouth Real Estate Investment Corporation To Participate In REITWeek 2017 …” published on May 30, 2017 as well as Prnewswire.com‘s news article titled: “Monmouth Real Estate Investment Corporation Announces Pricing Of Preferred …” with publication date: March 06, 2017.

Monmouth Real Estate Investment Corporation is a real estate investment trust . The company has market cap of $1.13 billion. The Company’s primary business is the ownership of real estate. It has a 48.67 P/E ratio. The Company’s investment focus is to own single tenant, industrial buildings and leased to investment-grade tenants or their subsidiaries on long-term net leases.

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