The Legal Counsel of Monmouth Real Estate ate (NYSE: MNR) is Buying Shares

Today, the Legal Counsel of Monmouth Real Estate ate (MNRResearch Report), Allison Nagelberg, bought shares of MNR for $9,990.

Following Allison Nagelberg’s last MNR Buy transaction on February 17, 2016, the stock climbed by 4.4%. In addition to Allison Nagelberg, 2 other MNR executives reported Buy trades in the last month.

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Based on Monmouth Real Estate ate’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $36.6 million and quarterly net profit of $12.16 million. In comparison, last year the company earned revenue of $30.46 million and had a net profit of $10.26 million. MNR’s market cap is $1.11B and the company has a P/E ratio of 28.64. Currently, Monmouth Real Estate ate has an average volume of 358.5K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $17.17, reflecting a 23.7% upside.

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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.