Monmouth Real Estate Investment Corporation (MNR) : 2 brokerage houses believe that Monmouth Real Estate Investment Corporation (MNR) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Monmouth Real Estate Investment Corporation (MNR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.
Monmouth Real Estate Investment Corporation (MNR) : Average target price received by Monmouth Real Estate Investment Corporation (MNR) is $15.17 with an expected standard deviation of $0.29. The most aggressive target on the stock is $16, whereas the most downbeat target is $15. 3 financial analysts are currently covering the stock.
Also, Janney Capital initiates coverage on Monmouth Real Estate Investment Corporation (NYSE:MNR) . Analysts at the Janney Capital have a current rating of Buy on the shares. The rating by the firm was issued on July 19, 2016.
Monmouth Real Estate Investment Corporation (NYSE:MNR): The stock was completely flat for the day, closing at $13.64 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $13.59, the stock touched an intraday high of $13.84 and a low of $13.57. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $13.64. The total trading volume on Thursday was 529,603.
Monmouth Real Estate Investment Corporation (MREIC) is a real estate investment trust (REIT). The Companys investment focus is to own well-located, net leased industrial properties, which are leased to investment-grade tenants on long-term leases. It also holds a portfolio of REIT securities. The Company operates through its subsidiary, MREIC Financial, Inc. As of September 30, 2013, the Company held investments in seventy-six properties totaling approximately 9,586,000 square feet, consisting of seventy-five industrial properties and one shopping center. These properties are located in twenty-six states, which include Alabama, Arizona, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Wisconsin. The Company has properties leased to FedEx Corporation (FDX).