Monmouth Real Estate Investment found using ticker (MNR) now have 4 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 21.36 and 19 with a mean TP of 19.96. Given that the stocks previous close was at 20.98 this indicates there is a potential downside of -4.9%. There is a 50 day moving average of 20.95 and the 200 moving average now moves to 19.78. The company has a market capitalisation of $2,066m. Company Website: https://www.mreic.reit
The potential market cap would be $1,966m 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%. As of February 25, 2022, Monmouth Real Estate Investment Corporation operates as a subsidiary of Industrial Logistics Properties Trust.
