Monmouth R.E. Inv. (NYSE:MNR) Stock Rating Upgraded by Zacks Investment Research

Monmouth R.E. Inv. (NYSE:MNR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday, Zacks.com reports.

According to Zacks, “MONMOUTH REAL ESTATE INVT operates as a qualified hybrid real estate investment trust under the Internal Revenue Code of 1954. “

A number of other equities research analysts also recently weighed in on MNR. Compass Point assumed coverage on Monmouth R.E. Inv. in a report on Friday, September 6th. They set a “buy” rating and a $16.50 price objective on the stock. B. Riley reaffirmed a “buy” rating on shares of Monmouth R.E. Inv. in a report on Tuesday, October 15th. Finally, BMO Capital Markets set a $15.00 price objective on Monmouth R.E. Inv. and gave the company a “hold” rating in a report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.40.

MNR stock opened at $14.72 on Friday. Monmouth R.E. Inv. has a twelve month low of $11.88 and a twelve month high of $15.23. The company has a market cap of $1.42 billion, a PE ratio of 16.92 and a beta of 0.62. The business’s 50-day simple moving average is $14.58 and its 200 day simple moving average is $13.92. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 1.34.

In other Monmouth R.E. Inv. news, insider Umh Properties, Inc. bought 17,810 shares of Monmouth R.E. Inv. stock in a transaction dated Monday, September 16th. The shares were acquired at an average cost of $13.70 per share, with a total value of $243,997.00. Also, Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $13.02, for a total value of $104,160.00. Following the completion of the transaction, the chairman now directly owns 895,219 shares in the company, valued at $11,655,751.38. The disclosure for this sale can be found here. Insiders have acquired 24,880 shares of company stock worth $338,088 over the last ninety days. Company insiders own 4.02% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. boosted its holdings in shares of Monmouth R.E. Inv. by 3.8% in the 3rd quarter. Eqis Capital Management Inc. now owns 19,257 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 710 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Monmouth R.E. Inv. by 1.4% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 57,100 shares of the real estate investment trust’s stock worth $774,000 after acquiring an additional 800 shares in the last quarter. First Allied Advisory Services Inc. boosted its holdings in shares of Monmouth R.E. Inv. by 3.3% in the 3rd quarter. First Allied Advisory Services Inc. now owns 24,877 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 806 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Monmouth R.E. Inv. by 45.7% in the 2nd quarter. Advisor Group Inc. now owns 4,887 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 1,533 shares in the last quarter. Finally, Shufro Rose & Co. LLC boosted its holdings in shares of Monmouth R.E. Inv. by 2.5% in the 2nd quarter. Shufro Rose & Co. LLC now owns 64,400 shares of the real estate investment trust’s stock worth $873,000 after acquiring an additional 1,600 shares in the last quarter. 68.78% of the stock is currently owned by institutional investors and hedge funds.

About Monmouth R.E. Inv.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 113 properties containing a total of approximately 21.8 million rentable square feet, geographically diversified across 30 states.

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