Monmouth Real Estate Investment (MNR) Stock Price, News & Analysis

Company Overview

Monmouth Real Estate Investment Corp. operates as a real estate investment trust. The firm engages in the ownership and management of real estate. It invests in single tenant, industrial buildings leased to investment-grade tenants on long-term net leases. The company was founded by Eugene W. Landy in 1968 and is headquartered in Holmdel, NJ.

Key Stats

• Today's Range: $15.90 to $16.35
• 50-Day Range: $20.85 to $21.06
• 52-Week Range: $17.32 to $21.14
• Volume: 181,546 shs
• Average Volume: 166,739 shs
• Market Capitalization: $1.65 billion
• P/E Ratio: N/A
• Dividend Yield: 22.51%
• Price Target: $25.50
• Consensus Rating: Buy

Monmouth Real Estate Investment Stock Analysis - MarketRank™

Monmouth Real Estate Investment scored higher than 93% of companies evaluated by MarketBeat, and ranked 21st out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Monmouth Real Estate Investment has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Monmouth Real Estate Investment has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 22.22%

Earnings Growth

Earnings for Monmouth Real Estate Investment are expected to grow by 22.22% in the coming year, from $2.16 to $2.64 per share.

Price to Book Value per Share Ratio

Monmouth Real Estate Investment has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.60% of the float of Monmouth Real Estate Investment has been sold short.

Short Interest Ratio / Days to Cover

Monmouth Real Estate Investment has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Monmouth Real Estate Investment has recently increased by 54.96%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Monmouth Real Estate Investment is a leading dividend payer. It pays a dividend yield of 22.51%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Monmouth Real Estate Investment does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Monmouth Real Estate Investment will have a dividend payout ratio of 136.36% in the coming year. This indicates that Monmouth Real Estate Investment may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 2.7 / 5
• Environmental Score: -1.50

Percentage of Shares Shorted

0.60% of the float of Monmouth Real Estate Investment has been sold short.

Short Interest Ratio / Days to Cover

Monmouth Real Estate Investment has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Monmouth Real Estate Investment has recently increased by 54.96%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 7 news articles for Monmouth Real Estate Investment this week, compared to 3 articles on an average week.

Search Interest

19 people have searched for MNR on MarketBeat in the last 30 days. This is an increase of 12% compared to the previous 30 days.

MarketBeat Follows

2 people have added Monmouth Real Estate Investment to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Monmouth Real Estate Investment insiders have not sold or bought any company stock.

Percentage Held by Insiders

87.80% of the stock of Monmouth Real Estate Investment is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

78.36% of the stock of Monmouth Real Estate Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MNR Stock Analysis - Frequently Asked Questions

How were Monmouth Real Estate Investment's earnings last quarter?

Monmouth Real Estate Investment Co. (NYSE:MNR) released its quarterly earnings results on Tuesday, November, 12th. The real estate investment trust reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.11. The real estate investment trust had revenue of $255.54 million for the quarter, compared to analyst estimates of $240.03 million. Monmouth Real Estate Investment had a net margin of 25.17% and a trailing twelve-month return on equity of 23.58%.

When did Monmouth Real Estate Investment IPO?

Monmouth Real Estate Investment (MNR) raised $190 million in an initial public offering (IPO) on Wednesday, October 25th 2023. The company issued 10,000,000 shares at $19.00 per share.

Who are Monmouth Real Estate Investment's major shareholders?

Top institutional investors of Monmouth Real Estate Investment include FMR LLC (0.82%), Clear Street Derivatives LLC (0.52%), Citigroup Inc. (0.38%) and Raymond James & Associates (0.27%). Insiders that own company stock include Kevin R White and Michael E Reel.
View institutional ownership trends.

What other stocks do shareholders of Monmouth Real Estate Investment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Monmouth Real Estate Investment investors own include Black Stone Minerals (BSM), AT&T (T), Verizon Communications (VZ), Enterprise Products Partners (EPD), Medical Properties Trust (MPW), AbbVie (ABBV) and Ares Capital (ARCC).

Company Calendar

• Ex-Dividend for 9/10 Dividend: 8/27/2024
• Dividend Payable: 9/10/2024
• Last Earnings: 11/12/2024
• Today: 11/17/2024
• Ex-Dividend for 12/10 Dividend: 11/26/2024
• Dividend Payable: 12/10/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 4/07/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Industrial REITs
• Current Symbol: NYSE:MNR
• CUSIP: 60972010
• CIK: 67625
• Web: www.mreic.reit
• Phone: (732) 577-9996
• Fax: 513-389-4634
• Employees: 14
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $25.50
• High Stock Price Target: $29.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: +59.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $346.56 million
• Net Margins: 25.17%
• Pretax Margin: 25.17%
• Return on Equity: 23.58%
• Return on Assets: 12.00%

Debt

• Debt-to-Equity Ratio: 0.56
• Current Ratio: 1.24
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $762.31 million
• Price / Sales: 2.17
• Cash Flow: $2.19 per share
• Price / Cash Flow: 7.30
• Book Value: $11.83 per share
• Price / Book: 1.35

Miscellaneous

• Outstanding Shares: 103,490,000
• Free Float: 12,626,000
• Market Cap: $1.65 billion
• Optionable: Not Optionable
• Beta: N/A