Brokerage Firm Rating Update on Monmouth Real Estate Investment Corporation (MNR)

Monmouth Real Estate Investment Corporation (MNR) : Zacks Investment Research ranks Monmouth Real Estate Investment Corporation (MNR) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 1.67, which indicates as a Buy.

Monmouth Real Estate Investment Corporation (MNR) : The highest level Monmouth Real Estate Investment Corporation (MNR) is projected to reach is $16 for the short term and the lowest estimate is at $15. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $15.17 and the possibility the share price can swing is $0.29.


For the current week, the company shares have a recommendation consensus of Buy. Also, Janney Capital initiates coverage on Monmouth Real Estate Investment Corporation (NYSE:MNR) The current rating of the shares is Buy. The rating by the firm was issued on July 19, 2016.

Monmouth Real Estate Investment Corporation (NYSE:MNR): The stock opened at $14.58 and touched an intraday high of $14.92 on Wednesday. During the day, the stock corrected to an intraday low of $14.58, however, the bulls stepped in and pushed the price higher to close in the green at $14.92 with a gain of 2.05% for the day. The total traded volume for the day was 476,605. The stock had closed at $14.62 in the previous trading session.

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).

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