The President & CEO of Monmouth Real Estate ate (NYSE: MNR) is Buying Shares


Today, the President & CEO of Monmouth Real Estate ate (NYSE: MNR), Michael Landy, bought shares of MNR for $19K.

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Based on Monmouth Real Estate ate’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $33.62 million and quarterly net profit of $11.65 million. In comparison, last year the company earned revenue of $27.31 million and had a net profit of $8.42 million. MNR’s market cap is $1.23B and the company has a P/E ratio of 36.57. Currently, Monmouth Real Estate ate has an average volume of 369.5K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $18.17, reflecting a -12.5% downside. Five different firms, including B.Riley FBR and BMO Capital, currently also have a Buy rating on the stock.

The insider sentiment on Monmouth Real Estate ate has been neutral according to 69 insider trades in the past three months. This sentiment is 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.

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