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: $15.27 to $15.77
• 50-Day Range: $20.85 to $21.06
• 52-Week Range: $17.32 to $21.14
• Volume: 548,404 shs
• Average Volume: 255,833 shs
• Market Capitalization: $1.63 billion
• P/E Ratio: 6.54
• Dividend Yield: 15.23%
• Price Target: $24.67
• Consensus Rating: Buy

Monmouth Real Estate Investment Stock Analysis - MarketRank™

Monmouth Real Estate Investment scored higher than 99% of companies evaluated by MarketBeat, and ranked 9th out of 272 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: 3.7 / 5
• Analyst Rating: Buy

Consensus Rating

Monmouth Real Estate Investment has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 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: 2.5 / 5
• Proj. Earnings Growth: 10.43%

Earnings Growth

Earnings for Monmouth Real Estate Investment are expected to grow by 10.43% in the coming year, from $2.11 to $2.33 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Monmouth Real Estate Investment is 6.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.59.

Price to Earnings Ratio vs. Sector

The P/E ratio of Monmouth Real Estate Investment is 6.53, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.96.

Price to Book Value per Share Ratio

Monmouth Real Estate Investment has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.53% 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 0.5, 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 decreased by 22.52%, indicating that investor sentiment is improving 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 15.97%, 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 Coverage

The dividend payout ratio of Monmouth Real Estate Investment is 99.59%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Monmouth Real Estate Investment will have a dividend payout ratio of 103.00% 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: -1.55

Percentage of Shares Shorted

0.53% 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 0.5, 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 decreased by 22.52%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 5 news articles for Monmouth Real Estate Investment this week, compared to 3 articles on an average week.

Search Interest

21 people have searched for MNR on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Monmouth Real Estate Investment to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 5.0 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Monmouth Real Estate Investment insiders have bought more of their company's stock than they have sold. Specifically, they have bought $5,466,288.00 in company stock and sold $0.00 in 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) posted its quarterly earnings data on Tuesday, November, 12th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.11. The real estate investment trust earned $255.54 million during the quarter, compared to the consensus estimate 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 IPO on Wednesday, October 25th 2023. The company issued 10,000,000 shares at a price of $19.00 per share.

Who are Monmouth Real Estate Investment's major shareholders?

Top institutional shareholders 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 William Wallace Mcmullen, 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

• Last Earnings: 11/12/2024
• Ex-Dividend for 12/10 Dividend: 11/26/2024
• Dividend Payable: 12/10/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

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: $24.67
• High Stock Price Target: $29.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: +56.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.41
• Trailing P/E Ratio: 6.53
• Forward P/E Ratio: 7.46
• 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: 1.16

Sales & Book Value

• Annual Sales: $762.31 million
• Price / Sales: 2.14
• Cash Flow: $2.29 per share
• Price / Cash Flow: 6.86
• Book Value: $12.54 per share
• Price / Book: 1.26

Miscellaneous

• Outstanding Shares: 103,490,000
• Free Float: 12,626,000
• Market Cap: $1.63 billion
• Optionable: Not Optionable
• Beta: -0.57