The President & CEO of Monmouth Real Estate Investment (MNR) is Buying Shares


Today, the President & CEO of Monmouth Real Estate Investment (MNR), Michael Landy, bought shares of MNR for $27.67K.

In addition to Michael Landy, 2 other MNR executives reported Buy trades in the last month.

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Based on Monmouth Real Estate Investment’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $39.15 million and GAAP net loss of $27.94 million. In comparison, last year the company earned revenue of $33.05 million and had a net profit of $17.63 million. Currently, Monmouth Real Estate Investment has an average volume of 209.3K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $15.50, reflecting a 17.0% upside.

In the last 30 days, insiders have sold $266.8K worth of MNR shares and purchased $376.5K worth of MNR shares. The insider sentiment on Monmouth Real Estate Investment has been positive according to 101 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 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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