Monmouth Real Estate Investment Corporation (NYSE:MNR) went down by -4.92% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the REIT – Industrial giant went up by $14.49 to trade ended Friday trading at $15.24. This is down from the $15.24 price recorded on Thursday’s trading session. Thanks to this latest performance, MNR is closer to the higher price 52-week target of $18.00 and further from the lowest price target of $12.00. Its performance from the start of the year has also been positive, with MNR up by 0.07% year-to-date.
Monmouth Real Estate Investment Corporation (MNR) started the day trading at $15.39 and recorded an intraday high of $15.39. It also recorded an intraday low of $14.45 during Friday’s trading session. Monmouth Real Estate Investment Corporation is a very active stock that recorded a trading volume that is more than 83.38% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 3347546, which is more than 83.38 of the total average daily trading volume of 556.39K.
Monmouth Real Estate Investment Corporation (NYSE:MNR) 2020 Performance Impressive
The increase in MNR’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of MNR currently stands at $15.53, which is higher than the current trading price of the stock by 6.7%. However, MNR’s current trading price is -72.09% lower than the 52-week low price of $8.42. In terms of trading volume, Monmouth Real Estate Investment Corporation currently experienced healthy participation during the last trading session. 3347546 shares of Monmouth Real Estate Investment Corporation were traded on the stock exchange on Friday, which is more than 83.38% of the 556.39K average trading volume of the stock.
The performance of the stock has been positive over the past year. MNR’s performance over the past one year has seen it surge by 2.55%, while the stock has gone down by -0.82% in the last six months. The quarterly performance of MNR currently stands at 46.66%, and it is up by 17.52% in the last month. The only positive figure was from the weekly performance, which currently reads 7.57%. At the time of writing MNR’s report, the company has a total market cap of $1.49B, making it one of the largest publicly-traded companies in the world.Monmouth Real Estate Investment Corporation also has over 16 employees all over the world.
MNR Insider Activities
For Monmouth Real Estate Investment Corporation, insiders hold 71.60% of all company shares. The insider transactions over the past six months are up by 1.00%. During that period, insiders bought 47,633 shares in 54 transactions. In that same period, insiders sold 28,577 of their shares in 12 transactions. After these transactions, insiders at Monmouth Real Estate Investment Corporation now hold 3.2M shares, which is over 71.29% of the total company stocks. Institutional investors currently hold a large chunk of the MNR shares, as they control 3.27% of the company’s total stock.
MNR Fundamental Analysis
For Monmouth Real Estate Investment Corporation, the stock’s diluted earnings per share (EPS) stands at -0.53. In the coming year, analysts expect the EPS to be 0.43. The EPS growth will up over the next five years to 7.00% after plunging by -12.10% in the previous five years. In terms of revenue, Monmouth Real Estate Investment Corporation’s quarterly sales (YOY) is growing at 0.09, which is higher than the average annual revenue of -12.10% over the past half a decade.
The Return on Investment (ROI) on Monmouth Real Estate Investment Corporation’s stock currently stands at 5.10%, and it has a net profit margin of -31.80%. The operating margin of the company is 47.60%, and its gross margin is 83.10%.
MNR Analysts Prediction
and B. Riley FBR reiterate their Buy position on the stock ($17.50 and $17).
B. Riley FBR Inc. and Wunderlich also believe that Monmouth Real Estate Investment Corporation’s stock is outperforming at the moment. MNR received a positive rating from B. Riley FBR Inc., which set a price target of $18.50-$16.50 for the stock.
At the moment, Monmouth Real Estate Investment Corporation’s Total Debt to Equity ratio stands at 1.47, and they have a long-term Debt to Equity ratio of 1.47.
MNR Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MNR currently stands at 6.10%, while the SMA50 is 11.80%. The biggest one is the SMA200, which is currently reading 4.38% ahead of Friday’s trading session. The Relative Strength Index of this stock is 58.73.