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Monmouth Real Estate Investment Corporation (MNR)

NYSE: MNR · IEX Real-Time Price · USD
19.15 -0.02 (-0.10%)
Oct 15, 2021 4:00 PM EDT - Market closed
Market Cap1.88B
Revenue (ttm)178.95M
Net Income (ttm)65.03M
Shares Out98.30M
EPS (ttm)0.66
PE Ratio29.02
Forward PE36.90
Dividend$0.70 (3.66%)
Ex-Dividend DateNov 12, 2021
Volume597,093
Open19.20
Previous Close19.17
Day's Range19.12 - 19.27
52-Week Range13.13 - 19.57
Beta0.78
AnalystsBuy
Price Target20.00 (+4.4%)
Est. Earnings DateNov 23, 2021

About MNR

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%.

IndustryEquity Real Estate Investment Trusts (REITs)
Founded1968
CEOMichael Landy
Employees14
Stock ExchangeNYSE
Ticker SymbolMNR
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for MNR stock is "Buy." The 12-month stock price forecast is 20.00, which is an increase of 4.44% from the latest price.

Price Target
$20.00
(4.44% upside)
Analyst Consensus: Buy

News

MONMOUTH REAL ESTATE DECLARES COMMON AND PREFERRED DIVIDENDS

HOLMDEL, NJ, Oct. 01, 2021 (GLOBE NEWSWIRE) -- On October 1, 2021, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE:MNR) declared its quarterly cash dividend on the Company's ...

2 weeks ago - GlobeNewsWire

Monmouth Real Estate Underscores Responsiveness to Feedback from Stockholders Regarding Strategic Review Outcomes

Reinitiates Exploration of Strategic Alternatives Reinitiates Exploration of Strategic Alternatives

1 month ago - GlobeNewsWire

Equity Commonwealth Announces Results of Special Meeting and Termination of Merger Agreement with Monmouth

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today that its shareholders approved the proposals in connection with the proposed merger with Monmouth Real Estate Investment Corpora...

Other symbols:EQC
1 month ago - Business Wire

Monmouth Real Estate Investment Corporation Announces Results of Special Meeting of Stockholders

Company has Uniquely Valuable Assets, Well-Positioned for L ong- T erm G rowth and S uccess in the F ast- G rowing I ndustrial S ector

1 month ago - GlobeNewsWire

Equity Commonwealth Issues Open Letter to Monmouth Shareholders

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today announced that its Chairman of the Board, Sam Zell, and Chief Executive Officer, David Helfand, sent the following letter to the sharehold...

Other symbols:EQC
1 month ago - Business Wire

Glass Lewis Recommends Monmouth Shareholders Reject Proposed Transaction with Equity Commonwealth

MIAMI--(BUSINESS WIRE)--Starwood Real Estate Income Trust, Inc. (“Starwood”), an affiliate of Starwood Capital Group, a leading global private investment firm focused on real estate and energy investmen...

1 month ago - Business Wire

MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE KNOXVILLE, TN MSA

Holmdel, New Jersey, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 259,053 square foot industrial building located at ...

1 month ago - GlobeNewsWire

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Mo...

New York, New York--(Newsfile Corp. - August 24, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased Monmouth Real Estate Investment Corpor...

1 month ago - Newsfile Corp

Starwood Responds to Monmouth's Rejection of its Higher, All-Cash Offer

MIAMI--(BUSINESS WIRE)--Starwood Real Estate Income Trust, Inc. (“Starwood”), an affiliate of Starwood Capital Group, a leading global private investment firm focused on real estate and energy investmen...

1 month ago - Business Wire

Monmouth Board of Directors Reiterates Support for Merger with Equity Commonwealth

Unanimously Determines Revised Proposal from Starwood Does Not Constitute a Superior Proposal

1 month ago - GlobeNewsWire

ISS Continues to Recommend Against Proposed Monmouth Transaction with Equity Commonwealth

MIAMI--(BUSINESS WIRE)--Starwood Real Estate Income Trust, Inc. (“Starwood”), an affiliate of Starwood Capital Group, a leading global private investment firm focused on real estate and energy investmen...

1 month ago - Business Wire

Monmouth Real Estate Investment Corporation Confirms Receipt Of Revised, Unsolicited Acquisition Proposal

No Action Needs to Be Taken by Monmouth Shareholders at This Time No Action Needs to Be Taken by Monmouth Shareholders at This Time

1 month ago - GlobeNewsWire

Starwood Increases Offer to Acquire Monmouth Real Estate Investment Corp. to Net Consideration of $19.20 Per Share in...

MIAMI--(BUSINESS WIRE)--Starwood Real Estate Income Trust, Inc. (“Starwood”), an affiliate of Starwood Capital Group, a leading global private investment firm focused on real estate and energy investmen...

1 month ago - Business Wire

Equity Commonwealth and Monmouth Real Estate Amend Merger Agreement to Increase Value of Offer

CHICAGO & HOLMDEL, N.J.--(BUSINESS WIRE)--Equity Commonwealth and Monmouth Real Estate Amend Merger Agreement to Increase Value of Offer and Include Cash

Other symbols:EQC
1 month ago - Business Wire

Monmouth Comments on ISS Report

ISS Recognizes Monmouth Board Ran Organized and Thorough Strategic Alternative s Process and Acknowledges the Benefits of a Transaction with EQC

2 months ago - GlobeNewsWire

ISS Recommends Shareholders of Monmouth Real Estate Investment Corp. Vote “AGAINST” Proposed Equity Commonwealth Tran...

MIAMI--(BUSINESS WIRE)--Starwood Real Estate Income Trust, Inc. (“Starwood”), an affiliate of Starwood Capital Group, a leading global private investment firm focused on real estate and energy investmen...

2 months ago - Business Wire

Monmouth Releases Investor Presentation Highlighting Benefits of Pending Equity Commonwealth Merger

Urges Stockholders to Vote the WHITE Proxy Card “ FOR ” the Equity Commonwealth Transaction

2 months ago - GlobeNewsWire

Monmouth Real Estate (MNR) Q3 FFO and Revenues Miss Estimates

Monmouth (MNR) delivered FFO and revenue surprises of -9.09% and -1.93%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

MONMOUTH REAL ESTATE REPORTS RESULTS FOR THE THIRD QUARTER ENDED JUNE 30, 2021

HOLMDEL, NJ, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) reported Net Income Attributable to Common Shareholders of $17.3 million or $0.17 per diluted share ...

2 months ago - GlobeNewsWire

MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN BURLINGTON, VT

Holmdel, New Jersey, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced that on July 29th it completed the acquisition of a new 143,794 square foot ...

2 months ago - GlobeNewsWire

Starwood Capital Group Affiliate Files Definitive Proxy Statement in Opposition to Monmouth Real Estate Investment Co...

MIAMI--(BUSINESS WIRE)--Starwood Real Estate Income Trust, Inc. (“Starwood”), an affiliate of Starwood Capital Group (“Starwood Capital”), a leading global private investment firm focused on real estate...

2 months ago - Business Wire

Equity Commonwealth Reports Second Quarter 2021 Results

CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) today reported financial results for the quarter ended June 30, 2021. Merger Update On May 4, 2021, the company announced that Equity Commonweal...

Other symbols:EQC
2 months ago - Business Wire

Starwood Capital Group Affiliate Files Preliminary Proxy Statement in Opposition to Monmouth Real Estate Investment C...

MIAMI--(BUSINESS WIRE)--Starwood Capital Group (“Starwood Capital”), a leading global private investment firm focused on real estate and energy investments, today announced that its affiliate Starwood R...

2 months ago - Business Wire

Starwood Capital Issues Statement on Monmouth Board's Rejection of Superior Proposal

MIAMI, July 22, 2021 /PRNewswire/ -- Starwood Capital Group ("Starwood Capital"), a leading global private investment firm focused on real estate and energy, issued the following statement today in resp...

2 months ago - PRNewsWire

Monmouth Board of Directors Reaffirms Unanimous Support for Merger with Equity Commonwealth

No Action Needs to Be Taken by Monmouth Stockholders at This Time

2 months ago - GlobeNewsWire