Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully-integrated and self-managed real estate company, whose property portfolio consists of 109 properties containing a total of approximately 20.5 million rentable square feet, geographically diversified across 30 states. In addition, the Company owns a portfolio of REIT securities.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
SymbolNYSE:MNR
CUSIP60972010
Phone732-577-9996
Debt
Debt-to-Equity Ratio1.59
Current Ratio5.61
Quick Ratio5.61
Price-To-Earnings
Trailing P/E Ratio22.09
Forward P/E Ratio18.66
P/E Growth2.67
Sales & Book Value
Annual Sales$97.66 million
Price / Sales13.83
Cash Flow$1.0018 per share
Price / Cash16.76
Book Value$6.43 per share
Price / Book2.61
Profitability
EPS (Most Recent Fiscal Year)$0.76
Net Income$40.27 million
Net Margins35.32%
Return on Equity9.44%
Return on Assets2.98%
Miscellaneous
Employees15
Outstanding Shares80,460,000
Market Cap$1.36 billion
Monmouth R.E. Inv. (NYSE:MNR) Frequently Asked Questions
What is Monmouth R.E. Inv.'s stock symbol?
Monmouth R.E. Inv. trades on the New York Stock Exchange (NYSE) under the ticker symbol "MNR."
How often does Monmouth R.E. Inv. pay dividends? What is the dividend yield for Monmouth R.E. Inv.?
Monmouth R.E. Inv. declared a quarterly dividend on Tuesday, July 3rd. Investors of record on Wednesday, August 15th will be paid a dividend of $0.17 per share on Monday, September 17th. This represents a $0.68 annualized dividend and a yield of 4.05%. The ex-dividend date is Tuesday, August 14th. View Monmouth R.E. Inv.'s Dividend History.
How were Monmouth R.E. Inv.'s earnings last quarter?
Monmouth R.E. Inv. Corp. (NYSE:MNR) issued its quarterly earnings data on Wednesday, August, 1st. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by $0.10. The real estate investment trust earned $36.20 million during the quarter, compared to the consensus estimate of $35.28 million. Monmouth R.E. Inv. had a net margin of 35.32% and a return on equity of 9.44%. View Monmouth R.E. Inv.'s Earnings History.
When is Monmouth R.E. Inv.'s next earnings date?
What price target have analysts set for MNR?
4 analysts have issued 1 year target prices for Monmouth R.E. Inv.'s shares. Their forecasts range from $17.00 to $20.00. On average, they anticipate Monmouth R.E. Inv.'s share price to reach $18.50 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price. View Analyst Price Targets for Monmouth R.E. Inv..
What is the consensus analysts' recommendation for Monmouth R.E. Inv.?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monmouth R.E. Inv. in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Monmouth R.E. Inv..
What are Wall Street analysts saying about Monmouth R.E. Inv. stock?
Here are some recent quotes from research analysts about Monmouth R.E. Inv. stock:
- 1. Boenning Scattergood analysts commented, "We believe this acquisition activity reinforces our positive opinion about the company’s prospects, and we maintain our Outperform rating. Our $18.50 price target remains unchanged, though we could be slightly more constructive as we believe the shares can trade to a premium to NAV in the range of 3%-5%, in comparison with some of the better-run companies in its peer group. Moreover, we think our NAV estimate fails to fully capture the value of MNR’s land bank, which grew disproportionately with these latest acquisitions." (9/7/2018)
- 2. According to Zacks Investment Research, "MONMOUTH REAL ESTATE INVT operates as a qualified hybrid real estate investment trust under the Internal Revenue Code of 1954. " (7/17/2018)
- 3. National Securities analysts commented, "Call to Action: With its recent quarter FFO dividend payout ratio of 82.6% the lowest in years, even accounting for its increased dividend, the second such in a decade, MNR is in an excellent position for heightened growth forward. Recent e-commerce retail sales of $115.3bln were up 15.5% Y/Y and accounted for 9.1% of total retail sales, a figure we believe could easily surpass 40% with time. It is driving demand for industrial space across the country like never before, and MNR’s rock solid tenant roster of household names, nearly all of which with exposure to e-commerce, provides a strong catalyst for future share price appreciation. Further, with only 6.6% of its near 100% leased 18,790,021 rentable square feet, which is up 17.4% Y/Y, expiring through 9/30/18, MNR has the most attractive expiration schedule relative to its similarly sized market cap peers. This favorable expiration schedule will shield it from losing valuable tenants as is likely for others with a large amount of leases expiring, especially those with a large number of mixed-use tenants. Attributable to its near volatility free revenue stream, MNR continued to outperform on all metrics in the quarter and FYTD, again posting record single quarter rental revenue of $26.37mln, +19.17% Y/Y, record rent per square foot at $5.93, +3.7% Y/Y and record quarterly NOI of $26.05mln, +19% Y/Y. With a portfolio and tenant roster as enviable as MNR’s we feel its recent outperformance is likely to continue well into the future. As such, we’re maintaining our BUY rating and raising our $18.00 price target to $20.00." (12/6/2017)
Who are some of Monmouth R.E. Inv.'s key competitors?
Some companies that are related to Monmouth R.E. Inv. include Medical Properties Trust (MPW), Brixmor Property Group (BRX), EPR Properties (EPR), Highwoods Properties (HIW), Hammerson (HMSNF), Hospitality Properties Trust (HPT), Ryman Hospitality Properties (RHP), JBG SMITH Properties (JBGS), Life Storage (LSI), Rayonier (RYN), Gramercy Property Trust (GPT), Senior Housing Properties Trust (SNH), Sabra Health Care REIT (SBRA), Blackstone Mortgage Trust (BXMT) and First Industrial Realty Trust (FR).
Who are Monmouth R.E. Inv.'s key executives?
Monmouth R.E. Inv.'s management team includes the folowing people:
- Mr. Eugene W. Landy, Founder & Chairman (Age 84)
- Mr. Michael P. Landy, CEO, Pres & Exec. Director (Age 56)
- Mr. Kevin S. Miller CPA, Chief Financial & Accounting Officer, Treasurer and Exec. Director (Age 48)
- Ms. Allison Nagelberg, Gen. Counsel (Age 53)
- Ms. Susan M. Jordan, VP of Investor Relations
Who are Monmouth R.E. Inv.'s major shareholders?
Monmouth R.E. Inv.'s stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.99%), Wasatch Advisors Inc. (6.83%), Renaissance Technologies LLC (3.61%), Boulegeris Investments Inc. (3.04%), Northern Trust Corp (1.93%) and Millennium Management LLC (1.40%). Company insiders that own Monmouth R.E. Inv. stock include Allison Nagelberg, Brian Haimm, Catherine B Elflein, Eugene W Landy, Gregory Thomas Otto, Kevin S Miller, Matthew I Hirsch, Michael P Landy, Neal Herstik, Steven B Wolgin and Umh Properties, Inc. View Institutional Ownership Trends for Monmouth R.E. Inv..
Which institutional investors are selling Monmouth R.E. Inv. stock?
MNR stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, First Trust Advisors LP, Eagle Asset Management Inc., Eqis Capital Management Inc., State of Alaska Department of Revenue, Bank of America Corp DE, California Public Employees Retirement System and Redmond Asset Management LLC. Company insiders that have sold Monmouth R.E. Inv. company stock in the last year include Eugene W Landy and Steven B Wolgin. View Insider Buying and Selling for Monmouth R.E. Inv..
Which institutional investors are buying Monmouth R.E. Inv. stock?
MNR stock was acquired by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., BlackRock Inc., North Star Investment Management Corp., Wells Fargo & Company MN, Emerald Mutual Fund Advisers Trust, Citadel Advisors LLC, Neville Rodie & Shaw Inc. and Cornerstone Capital Inc.. Company insiders that have bought Monmouth R.E. Inv. stock in the last two years include Allison Nagelberg, Brian Haimm, Catherine B Elflein, Eugene W Landy, Gregory Thomas Otto, Kevin S Miller, Matthew I Hirsch, Michael P Landy, Neal Herstik, Steven B Wolgin and Umh Properties, Inc. View Insider Buying and Selling for Monmouth R.E. Inv..
How do I buy shares of Monmouth R.E. Inv.?
Shares of MNR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Monmouth R.E. Inv.'s stock price today?
One share of MNR stock can currently be purchased for approximately $16.79.
How big of a company is Monmouth R.E. Inv.?
Monmouth R.E. Inv. has a market capitalization of $1.36 billion and generates $97.66 million in revenue each year. The real estate investment trust earns $40.27 million in net income (profit) each year or $0.76 on an earnings per share basis. Monmouth R.E. Inv. employs 15 workers across the globe.
What is Monmouth R.E. Inv.'s official website?
How can I contact Monmouth R.E. Inv.?
Monmouth R.E. Inv.'s mailing address is 3499 ROUTE 9 N SUITE 3-D JUNIPER BUSINESS PLAZA, FREEHOLD NJ, 07728. The real estate investment trust can be reached via phone at 732-577-9996 or via email at [email protected]
MarketBeat Community Rating for Monmouth R.E. Inv. (NYSE MNR)
MarketBeat's community ratings are surveys of what our community members think about Monmouth R.E. Inv. and other stocks. Vote "Outperform" if you believe MNR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MNR will underperform the S&P 500 over the long term. You may vote once every thirty days.
