Monmouth Real Estate Investment Corporation (NYSE:MNR)‘s stock had its “outperform” rating reiterated by stock analysts at FBR & Co in a research note issued to investors on Tuesday, July 11th, Marketbeat.com reports. They currently have a $16.50 price objective on the real estate investment trust’s stock. FBR & Co’s target price indicates a potential upside of 7.63% from the company’s previous close. FBR & Co also issued estimates for Monmouth Real Estate Investment Corporation’s Q3 2017 earnings at $0.17 EPS, Q4 2017 earnings at $0.20 EPS, FY2017 earnings at $0.75 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.22 EPS and FY2018 earnings at $0.87 EPS.

Several other brokerages have also recently commented on MNR. BidaskClub raised shares of Monmouth Real Estate Investment Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of Monmouth Real Estate Investment Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. National Securities reiterated a “buy” rating and set a $16.50 price objective on shares of Monmouth Real Estate Investment Corporation in a research note on Thursday, May 4th. Finally, DA Davidson upgraded shares of Monmouth Real Estate Investment Corporation from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, May 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Monmouth Real Estate Investment Corporation currently has a consensus rating of “Buy” and a consensus target price of $16.00.

Shares of Monmouth Real Estate Investment Corporation (MNR) traded down 0.13% during trading on Tuesday, hitting $15.33. The stock had a trading volume of 174,356 shares. The firm’s 50-day moving average is $15.21 and its 200 day moving average is $14.74. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 48.51 and a beta of 0.51. Monmouth Real Estate Investment Corporation has a 52-week low of $12.89 and a 52-week high of $15.67.

WARNING: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/07/monmouth-real-estate-investment-corporation-mnr-now-covered-by-fbr-co-updated-updated-updated.html.

Institutional investors have recently bought and sold shares of the company. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Monmouth Real Estate Investment Corporation during the first quarter worth about $695,000. Bank of Montreal Can raised its stake in shares of Monmouth Real Estate Investment Corporation by 19.6% in the first quarter. Bank of Montreal Can now owns 43,400 shares of the real estate investment trust’s stock worth $619,000 after buying an additional 7,098 shares during the period. Teachers Advisors LLC raised its stake in shares of Monmouth Real Estate Investment Corporation by 31.7% in the fourth quarter. Teachers Advisors LLC now owns 146,812 shares of the real estate investment trust’s stock worth $2,237,000 after buying an additional 35,311 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Monmouth Real Estate Investment Corporation by 2.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 99,311 shares of the real estate investment trust’s stock worth $1,514,000 after buying an additional 2,234 shares during the period. Finally, Putnam Investments LLC raised its stake in shares of Monmouth Real Estate Investment Corporation by 3.5% in the fourth quarter. Putnam Investments LLC now owns 13,201 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 449 shares during the period. 59.80% of the stock is owned by hedge funds and other institutional investors.

Monmouth Real Estate Investment Corporation Company Profile

Monmouth Real Estate Investment Corporation is a real estate investment trust (REIT). The Company’s primary business is the ownership of real estate. Its investment focus is to own single tenant, industrial buildings and leased to investment-grade tenants or their subsidiaries on long-term net leases.

Receive News & Stock Ratings for Monmouth Real Estate Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monmouth Real Estate Investment Corporation and related stocks with our FREE daily email newsletter.