Monmouth Real Estate Investment (MNR) Receives a Hold from BMO Capital

BMO Capital analyst Jeremy Metz maintained a Hold rating on Monmouth Real Estate Investment (MNRResearch Report) on August 2 and set a price target of $15. The company’s shares closed on Friday at $13.27.

According to TipRanks.com, Metz is a 1-star analyst with an average return of -2.0% and a 44.3% success rate. Metz covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, American Finance Trust Inc, and Postal Realty Trust Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Monmouth Real Estate Investment with a $16.50 average price target.

See today’s analyst top recommended stocks >>

Based on Monmouth Real Estate Investment’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.63 million. In comparison, last year the company had a net profit of $14.57 million.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MNR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Monmouth Real Estate Investment Corp. engages in the ownership and management of real estate. It invests in single tenant, industrial buildings leased primarily to investment-grade tenants on long-term net leases. The company was founded by Eugene W. Landy in 1968 and is headquartered in Freehold, NJ.