In a report released yesterday, Jeremy Metz from BMO Capital maintained a Hold rating on Monmouth Real Estate ate (MNR), with a price target of $15. The company’s shares closed yesterday at $13.86.
According to TipRanks.com, Metz is a 1-star analyst with an average return of -0.5% and a 51.7% success rate. Metz covers the Financial sector, focusing on stocks such as American Finance Trust Inc, Extra Space Storage, and Duke Realty Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Monmouth Real Estate ate with a $16.75 average price target.
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The company has a one-year high of $17.51 and a one-year low of $11.88. Currently, Monmouth Real Estate ate has an average volume of 611.7K.
Based on the recent corporate insider activity of 99 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.
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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.
