Today, the COB of Monmouth Real Estate ate (MNR), Eugene Landy, bought shares of MNR for $218K.
This recent transaction increases Eugene Landy’s holding in the company by 1.55% to a total of $19.66 million. In addition to Eugene Landy, 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 $33.05 million and had a net profit of $17.63 million. MNR’s market cap is $977.2M and the company has a P/E ratio of 24.43. Currently, Monmouth Real Estate ate has an average volume of 175.7K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $17.17, reflecting a 42.1% upside.
The insider sentiment on Monmouth Real Estate ate has been positive according to 97 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Eugene Landy’s trades have generated a 19.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
