Monmouth R.E. Inv. Corp. (MNR) Stock Faces Higher Risks Forward After Forming Bearish Ascending Triangle

July 17, 2017 - By Hazel Jackson

Investors sentiment decreased to 1.39 in Q4 2016. Its down 0.33, from 1.72 in 2016Q3. It turned negative, 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.
Rock Point Advsrs Limited Liability Corporation accumulated 19,710 shares. Renaissance Technology Limited Liability accumulated 1.20 million shares. Moors & Cabot reported 111,135 shares. 54,071 are held by Etrade Cap Management Limited Liability. Kcg Holdings has 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR). Geode Cap Mgmt Limited Liability Corp accumulated 0% or 489,127 shares. Neuberger Berman Grp Inc Ltd invested in 14,800 shares. Citadel Ltd Liability has invested 0% in Monmouth R.E. Inv. Corp. (NYSE:MNR). Panagora Asset Inc holds 0% or 4,376 shares in its portfolio. Financial Bank Of Ny Mellon reported 0% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR). Northern accumulated 1.27 million shares or 0.01% of the stock. 44,196 were accumulated by Manufacturers Life Insur The. Williams Jones Assocs Limited Liability Corporation invested in 0.01% or 30,393 shares. Winslow Evans Crocker has 7,700 shares. Macquarie Grp Limited holds 0% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 9,300 shares.

Since February 15, 2017, it had 11 buys, and 0 insider sales for $252,419 activity. 1,351 Monmouth R.E. Inv. Corp. (NYSE:MNR) shares with value of $19,050 were bought by LANDY MICHAEL P. 365 shares were bought by HERSTIK NEAL, worth $5,001 on Wednesday, February 15. On Thursday, March 9 WOLGIN STEVEN B bought $109,275 worth of Monmouth R.E. Inv. Corp. (NYSE:MNR) or 4,500 shares.

The stock of Monmouth R.E. Inv. Corp. (MNR) formed an ascending triangle with $14.88 target or 3.00 % below today’s $15.34 share price. The 6 months triangle pattern indicates high risk for the $1.13 billion company. If the $14.88 price target is reached, the company will be worth $33.90 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 0.52% or $0.08 on July 17, reaching $15.34. About 295,482 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. The rating was maintained by Wunderlich on Friday, May 6 with “Buy”. BMO Capital Markets maintained it with “Outperform” rating and $11.50 target in Monday, August 24 report. The rating was maintained by National Securities with “Buy” on Friday, May 5. As per Tuesday, July 19, the company rating was initiated by Janney Capital. DA Davidson maintained it with “Neutral” rating and $16 target in Thursday, December 1 report. The company was upgraded on Thursday, May 18 by DA Davidson. The stock of Monmouth R.E. Inv. Corp. (NYSE:MNR) earned “Market Perform” rating by BMO Capital Markets on Friday, December 2. The rating was maintained by Wunderlich on Monday, August 10 with “Buy”. Wunderlich maintained the stock with “Buy” rating in Friday, August 5 report.

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

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