Monmouth Real Estate ate (NYSE:MNR) Moves On BMO Capital Initiation. How Much Are Shares Worth?

September 17, 2017 - By Dolores Ford

 Monmouth Real Estate ate (NYSE:MNR) Moves On BMO Capital Initiation. How Much Are Shares Worth?

Investors sentiment decreased to 1.39 in 2016 Q4. Its down 0.33, from 1.72 in 2016Q3. It dropped, 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.

Aqr Mgmt Ltd Liability Corp stated it has 321,751 shares or 0.01% of all its holdings. 15,000 were accumulated by Highlander Ltd Liability. Alliancebernstein L P owns 891,695 shares. Envestnet Asset Mngmt Inc reported 7,012 shares. Moreover, Raymond James Financial Service Inc has 0.01% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 80,462 shares. Insight Capital Mgmt owns 32,914 shares. Kcg stated it has 11,481 shares or 0% of all its holdings. The Utah-based Ronna Sue Cohen has invested 1.86% in Monmouth R.E. Inv. Corp. (NYSE:MNR). State Board Of Administration Of Florida Retirement holds 0% or 41,197 shares. Moreover, Nationwide Fund Advsr has 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR). Legal & General Group Public Limited holds 0% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 143,461 shares. Rock Point Ltd Liability Corporation, a Vermont-based fund reported 19,710 shares. Pnc Group owns 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 37,489 shares. First Allied Advisory Services reported 0.02% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR). 14,800 are held by Neuberger Berman Group Inc Limited Liability.

Since March 27, 2017, it had 3 insider buys, and 0 selling transactions for $16,102 activity. LANDY MICHAEL P bought $14,104 worth of stock.

Why Has BMO Capital Given Monmouth Real Estate ate (NYSE:MNR) a $16.5 Price Target

Stock analysts at BMO Capital initiated coverage on shares of Monmouth Real Estate ate (NYSE:MNR) in analysts note revealed to investors and clients on 11 September. The firm set “Hold” rating on the stock. BMO Capital’s target price of $16.5 suggests potential of 2.55 % from the stock’s close price.

Investors sentiment decreased to 1.39 in 2016 Q4. Its down 0.33, from 1.72 in 2016Q3. It dropped, 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.

Aqr Mgmt Ltd Liability Corp stated it has 321,751 shares or 0.01% of all its holdings. 15,000 were accumulated by Highlander Ltd Liability. Alliancebernstein L P owns 891,695 shares. Envestnet Asset Mngmt Inc reported 7,012 shares. Moreover, Raymond James Financial Service Inc has 0.01% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 80,462 shares. Insight Capital Mgmt owns 32,914 shares. Kcg stated it has 11,481 shares or 0% of all its holdings. The Utah-based Ronna Sue Cohen has invested 1.86% in Monmouth R.E. Inv. Corp. (NYSE:MNR). State Board Of Administration Of Florida Retirement holds 0% or 41,197 shares. Moreover, Nationwide Fund Advsr has 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR). Legal & General Group Public Limited holds 0% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 143,461 shares. Rock Point Ltd Liability Corporation, a Vermont-based fund reported 19,710 shares. Pnc Group owns 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 37,489 shares. First Allied Advisory Services reported 0.02% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR). 14,800 are held by Neuberger Berman Group Inc Limited Liability.

Since March 27, 2017, it had 3 insider buys, and 0 selling transactions for $16,102 activity. LANDY MICHAEL P bought $14,104 worth of stock.

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 has $16.50 highest and $11.50 lowest target. $16.13’s average target is 0.25% above currents $16.09 stock price. Monmouth Real Estate Investment Corporation had 11 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, May 6 by Wunderlich. BMO Capital Markets maintained Monmouth R.E. Inv. Corp. (NYSE:MNR) on Monday, August 24 with “Outperform” rating. The stock of Monmouth R.E. Inv. Corp. (NYSE:MNR) has “Buy” rating given on Thursday, May 18 by DA Davidson. The firm has “Buy” rating given on Friday, August 5 by Wunderlich. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, December 2. The company was maintained on Thursday, December 1 by DA Davidson. The company was maintained on Friday, May 5 by National Securities. Wunderlich maintained it with “Buy” rating and $11.50 target in Monday, August 10 report. The rating was initiated by Janney Capital with “Buy” on Tuesday, July 19.

The stock decreased 1.29% or $0.21 on September 15, reaching $16.09. About 815,686 shares traded or 84.85% up from the average. Monmouth R.E. Inv. Corp. (NYSE:MNR) has risen 27.78% since September 17, 2016 and is uptrending. It has outperformed by 11.08% the S&P500.

Analysts await Monmouth R.E. Inv. Corp. (NYSE:MNR) to report earnings on November, 27. They expect $0.21 EPS, up 16.67 % or $0.03 from last year’s $0.18 per share. MNR’s profit will be $15.66M for 19.15 P/E if the $0.21 EPS becomes a reality. After $0.19 actual EPS reported by Monmouth R.E. Inv. Corp. for the previous quarter, Wall Street now forecasts 10.53 % EPS growth.

Monmouth Real Estate Investment Corporation is a real estate investment trust . The company has market cap of $1.20 billion. The Company’s primary business is the ownership of real estate. It has a 54.33 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.

More notable recent Monmouth R.E. Inv. Corp. (NYSE:MNR) news were published by: Prnewswire.com which released: “Monmouth Real Estate Investment Corporation To Participate In REITWeek 2017 …” on May 30, 2017, also Prnewswire.com with their article: “Monmouth Real Estate Investment Corporation Announces The Election Of Greg …” published on September 12, 2017, Prnewswire.com published: “Monmouth Real Estate Investment Corporation Announces New Acquisition In The …” on October 17, 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 Launches New Corporate Website” published on November 01, 2016 as well as Nasdaq.com‘s news article titled: “Monmouth Real Estate Investment Corporation (MNR) Ex-Dividend Date Scheduled …” with publication date: August 10, 2017.

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