BMO Capital analyst Frank Lee maintained a Hold rating on Monmouth Real Estate Investment (NYSE:MNR) on Monday, setting a price target of $19.5, which is approximately 2.79% above the present share price of $18.97.
Lee expects Monmouth Real Estate Investment to post earnings per share (EPS) of $0.17 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Hold rating of shares in Monmouth Real Estate Investment, with an average price target of $20.33.
The analysts price targets range from a high of $21.5 to a low of $19.5.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $45.99 million and a net profit of $22.61 million. The company's market cap is $1.86 billion.
According to TipRanks.com, BMO Capital analyst Frank Lee is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 10.5% and a 60.87% success rate.
Monmouth Real Estate Investment Corp. operates as a real estate investment trust. The firm engages in the ownership and management of real estate. It invests in single tenant, industrial buildings leased to investment-grade tenants on long-term net leases. The company was founded by Eugene W. Landy in 1968 and is headquartered in Holmdel, NJ.