Monmouth Real Estate ate (NYSE:MNR) Is A Stock That BMO Capital Seems to be Very Interested In

September 17, 2017 - By Darrin Black

 Monmouth Real Estate ate (NYSE:MNR) Is A Stock That BMO Capital Seems to be Very Interested In

Investors sentiment decreased to 1.39 in Q4 2016. Its down 0.33, from 1.72 in 2016Q3. It dived, as 16 investors sold Monmouth R.E. Inv. Corp. shares while 54 reduced holdings. 29 funds opened positions while 68 raised stakes. 41.85 million shares or 6.51% more from 39.29 million shares in 2016Q3 were reported.

Envestnet Asset Inc accumulated 7,012 shares. 554 are held by Gradient Invs Limited Liability. New Mexico Educational Retirement Board reported 8,740 shares or 0.01% of all its holdings. Jrm Counsel Limited Liability Co holds 3.24% or 276,451 shares in its portfolio. Deutsche Retail Bank Ag reported 0% stake. Stoneridge Inv Ptnrs Limited owns 17,400 shares. Winslow Evans & Crocker Inc has invested 0% in Monmouth R.E. Inv. Corp. (NYSE:MNR). Jpmorgan Chase & Com owns 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 173,482 shares. Ronna Sue Cohen reported 1.86% stake. California Pub Employees Retirement Systems reported 147,600 shares. Wells Fargo & Mn holds 0% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 647,767 shares. Voya Invest Mngmt Ltd Limited Liability Company owns 27,295 shares. Moreover, California State Teachers Retirement System has 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR). Thompson Siegel And Walmsley Ltd invested in 0.01% or 59,850 shares. 59,618 are owned by Stephens Ar.

Since March 27, 2017, it had 3 buys, and 0 selling transactions for $16,102 activity. LANDY MICHAEL P had bought 1,000 shares worth $14,104.

Why Has BMO Capital Given Monmouth Real Estate ate (NYSE:MNR) a $16.5 Price Target

BMO Capital has just issued a “Hold” rating for Monmouth Real Estate ate (NYSE:MNR) shares. The firm began coverage on shares of MNR in an analyst note revealed on Monday morning. This PT means upside of 2.55 % from the previous close of Monmouth Real Estate ate (NYSE:MNR).

Investors sentiment decreased to 1.39 in Q4 2016. Its down 0.33, from 1.72 in 2016Q3. It dived, as 16 investors sold Monmouth R.E. Inv. Corp. shares while 54 reduced holdings. 29 funds opened positions while 68 raised stakes. 41.85 million shares or 6.51% more from 39.29 million shares in 2016Q3 were reported.

Envestnet Asset Inc accumulated 7,012 shares. 554 are held by Gradient Invs Limited Liability. New Mexico Educational Retirement Board reported 8,740 shares or 0.01% of all its holdings. Jrm Counsel Limited Liability Co holds 3.24% or 276,451 shares in its portfolio. Deutsche Retail Bank Ag reported 0% stake. Stoneridge Inv Ptnrs Limited owns 17,400 shares. Winslow Evans & Crocker Inc has invested 0% in Monmouth R.E. Inv. Corp. (NYSE:MNR). Jpmorgan Chase & Com owns 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 173,482 shares. Ronna Sue Cohen reported 1.86% stake. California Pub Employees Retirement Systems reported 147,600 shares. Wells Fargo & Mn holds 0% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 647,767 shares. Voya Invest Mngmt Ltd Limited Liability Company owns 27,295 shares. Moreover, California State Teachers Retirement System has 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR). Thompson Siegel And Walmsley Ltd invested in 0.01% or 59,850 shares. 59,618 are owned by Stephens Ar.

Since March 27, 2017, it had 3 buys, and 0 selling transactions for $16,102 activity. LANDY MICHAEL P had bought 1,000 shares worth $14,104.

Monmouth R.E. Inv. Corp. (NYSE:MNR) Ratings Coverage

Among 5 analysts covering Monmouth Real Estate Investment Corporation (NYSE:MNR), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Monmouth Real Estate Investment Corporation has $16.50 highest and $11.50 lowest target. $16.13’s average target is 0.25% above currents $16.09 stock price. Monmouth Real Estate Investment Corporation had 11 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating by Wunderlich given on Friday, August 5. On Friday, May 6 the stock rating was maintained by Wunderlich with “Buy”. Wunderlich maintained Monmouth R.E. Inv. Corp. (NYSE:MNR) rating on Monday, August 10. Wunderlich has “Buy” rating and $11.50 target. The stock of Monmouth R.E. Inv. Corp. (NYSE:MNR) earned “Buy” rating by DA Davidson on Thursday, May 18. DA Davidson maintained Monmouth R.E. Inv. Corp. (NYSE:MNR) rating on Thursday, December 1. DA Davidson has “Neutral” rating and $16 target. The stock of Monmouth R.E. Inv. Corp. (NYSE:MNR) earned “Buy” rating by Janney Capital on Tuesday, July 19. BMO Capital Markets downgraded the stock to “Market Perform” rating in Friday, December 2 report. The rating was maintained by National Securities on Friday, May 5 with “Buy”. The firm earned “Outperform” rating on Monday, August 24 by BMO Capital Markets.

The stock decreased 1.29% or $0.21 on September 15, reaching $16.09. About 815,686 shares traded or 84.85% up from the average. Monmouth R.E. Inv. Corp. (NYSE:MNR) has risen 27.78% since September 17, 2016 and is uptrending. It has outperformed by 11.08% the S&P500.

Analysts await Monmouth R.E. Inv. Corp. (NYSE:MNR) to report earnings on November, 27. They expect $0.21 earnings per share, up 16.67 % or $0.03 from last year’s $0.18 per share. MNR’s profit will be $15.66 million for 19.15 P/E if the $0.21 EPS becomes a reality. After $0.19 actual earnings per share reported by Monmouth R.E. Inv. Corp. for the previous quarter, Wall Street now forecasts 10.53 % EPS growth.

Monmouth Real Estate Investment Corporation is a real estate investment trust . The company has market cap of $1.20 billion. The Company’s primary business is the ownership of real estate. It has a 54.33 P/E ratio. The Company’s investment focus is to own single tenant, industrial buildings and leased to investment-grade tenants or their subsidiaries on long-term net leases.

More notable recent Monmouth R.E. Inv. Corp. (NYSE:MNR) news were published by: Prnewswire.com which released: “Monmouth Real Estate Investment Corporation Launches New Corporate Website” on November 01, 2016, also Prnewswire.com with their article: “Monmouth Real Estate Investment Corporation To Participate In REITWeek 2017 …” published on May 30, 2017, Prnewswire.com published: “Monmouth Real Estate Investment Corporation Announces The Election Of Kevin S …” on June 21, 2017. More interesting news about Monmouth R.E. Inv. Corp. (NYSE:MNR) were released by: Prnewswire.com and their article: “Monmouth Real Estate Investment Corporation Announces New Acquisition In The …” published on October 17, 2016 as well as Prnewswire.com‘s news article titled: “Monmouth Real Estate Investment Corporation Announces The Election Of Greg …” with publication date: September 12, 2017.

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