Monmouth Real Estate Investment found using ticker (MNR) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 21.5 and 19 and has a mean target at 20. Given that the stocks previous close was at 18.96 this would indicate that there is a potential upside of 5.5%. The 50 day moving average now sits at 18.93 and the 200 day moving average is 18.75. The company has a market capitalisation of $1,857m. Company Website: http://www.mreic.reit
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 121 properties, containing a total of approximately 24.5 million rentable square feet, geographically diversified across 31 states. Our occupancy rate as of this date is 99.7%.