Monmouth Real Estate Investment found using ticker (MNR) now have 6 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 21.36 and 19 with a mean TP of 20.31. Now with the previous closing price of 20.95 this now indicates there is a potential downside of -3.1%. The 50 day moving average now sits at 20.95 while the 200 day moving average is 19.69. The market capitalisation for the company is $2,064m. Company Website: https://www.mreic.reit
The potential market cap would be $2,001m based on the market concensus.
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%.
