Today, the Controller of Monmouth Real Estate ate (NYSE: MNR), Katie Rytter, bought shares of MNR for $8,843.
Following Katie Rytter’s last MNR Buy transaction on August 23, 2013, the stock climbed by 9.8%. Following this transaction Katie Rytter’s holding in the company was increased by 4.03% to a total of $160.7K.
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Based on Monmouth Real Estate ate’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $36.2 million and quarterly net profit of $14.57 million. In comparison, last year the company earned revenue of $30.1 million and had a net profit of $11.73 million. MNR’s market cap is $1.35B and the company has a P/E ratio of 34.73. Currently, Monmouth Real Estate ate has an average volume of 128.7K.
Six different firms, including B.Riley FBR and BMO Capital, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $17.67, reflecting a -5.0% downside.
The insider sentiment on Monmouth Real Estate ate has been positive according to 89 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Monmouth Real Estate Investment Corp. engages in the ownership and management of real estate. It invests in well-located, modern, 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.
