Monmouth Real Estate Investment (NYSE:MNR):
Monmouth Real Estate Investment Corporation Announces New Acquisition In The Buffalo, New York MSA.
The company is down by -0.37 percent from yesterday’s close.
Additionally Monmouth Real Estate Investment declared a dividend that was paid on Thursday the 15th of September 2016. The dividend payment was $0.160 per share for the quarter which is $0.64 annualized. The dividend yield was $4.73. The ex-dividend date was Thursday the 11th of August 2016.
The stock is trading at $13.40 which is just under $13.79, the 50 day moving average and a tad higher than the 200 day moving average of $13.12. The 50 day moving average was down by -2.84% and the 200 day average was up $0.28.
Monmouth Real Estate Investment currently has a P/E ratio of 35.73 and the market cap of the company is 907.26M. As of the last earnings report the EPS was $0.38 and is projected to be $0.32 for the current year with 67,706,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.09 with next year’s EPS projected to be $0.39.
Several brokerage firms have released opinions on MNR recently. On July 19, 2016 Janney Capital began coverage with an initial rating of “Buy”. On August 24 BMO Capital left the company rating at “Outperform” and lowered the price target from $13.00 to $11.50.
August 10 investment analysts at Wunderlich left the stock rating at “Buy” and moved down the price target to $11.50 from $12.00. DA Davidson started covering the stock by announcing an initial rating of “Neutral” and projecting a price target of $12.00.
On February 6 Wunderlich made no change to the stock rating of “Buy” but raised the price target from $11.50 to $13.00. On February 11 the stock rating was upgraded to “Outperform” from “Market Perform” and a price target of $12.00 was set in a statement from BMO Capital.