Monmouth Actual Property Funding Co. (NYSE:MNR) introduced a quarterly dividend on Thursday, January 14th, Zacks experiences. Stockholders of report on Tuesday, February 16th will likely be given a dividend of 0.18 per share by the actual property funding belief on Monday, March 15th. This represents a $0.72 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, February 12th. This can be a optimistic change from Monmouth Actual Property Funding’s earlier quarterly dividend of $0.17.
Monmouth Actual Property Funding has raised its dividend fee by 4.6% during the last three years.
Shares of NYSE:MNR opened at $17.59 on Friday. The enterprise’s 50 day transferring common is $16.29 and its 200 day transferring common is $14.80. Monmouth Actual Property Funding has a 12-month low of $8.42 and a 12-month excessive of $17.92. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -35.18 and a beta of 0.78. The corporate has a fast ratio of 10.46, a present ratio of 10.46 and a debt-to-equity ratio of 1.55.
Monmouth Actual Property Funding (NYSE:MNR) final issued its quarterly earnings outcomes on Sunday, November 22nd. The actual property funding belief reported ($0.03) earnings per share for the quarter, lacking the Zacks’ consensus estimate of $0.21 by ($0.24). Monmouth Actual Property Funding had a destructive return on fairness of three.69% and a destructive internet margin of 13.19%. As a gaggle, equities analysis analysts anticipate that Monmouth Actual Property Funding will submit 0.85 earnings per share for the present 12 months.
Quite a few equities analysis analysts just lately commented on MNR shares. BMO Capital Markets lifted their price goal on shares of Monmouth Actual Property Funding from $17.00 to $18.00 in a report on Friday. B. Riley upped their price goal on Monmouth Actual Property Funding from $18.00 to $20.00 in a analysis report on Tuesday, December 22nd. Berenberg Bank began protection on Monmouth Actual Property Funding in a analysis word on Wednesday, October 28th. They set a “purchase” ranking and a $17.00 price goal for the corporate. Zacks Funding Analysis minimize Monmouth Actual Property Funding from a “maintain” ranking to a “promote” ranking in a analysis word on Tuesday, December 1st. Lastly, Nationwide Securities assumed protection on shares of Monmouth Actual Property Funding in a analysis word on Monday, October 26th. They issued a “purchase” ranking and a $18.00 goal price for the corporate. Two analysis analysts have rated the stock with a promote ranking, one has assigned a maintain ranking and three have given a purchase ranking to the corporate. The corporate at present has a median ranking of “Maintain” and a median goal price of $16.57.
Monmouth Actual Property Funding Firm Profile
Monmouth Actual Property Funding Company, based in 1968, is without doubt one of the oldest public fairness REITs on the planet. We specialise in single tenant, net-leased industrial properties, topic to long-term leases, primarily to investment-grade tenants. Monmouth Actual Property is a completely built-in and self-managed actual property firm, whose property portfolio consists of 119 properties containing a complete of roughly 23.Four million rentable sq. ft, geographically diversified throughout 31 states.
Learn Extra: Useless Cat Bounce
This instantaneous information alert was generated by narrative science expertise and monetary information from MarketBeat to be able to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to [email protected]