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.
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.