BMO Capital analyst Frank Lee maintained a Hold rating on Monmouth Real Estate Investment (NYSE:MNR) on Wednesday, setting a price target of $13, which is approximately 9.91% below the present share price of $14.43.
Lee expects Monmouth Real Estate Investment to post earnings per share (EPS) of -$0.77 for the third quarter of 2020.
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 $14.
The analysts price targets range from a high of $17 to a low of $12.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $41.71 million and a net profit of $20.41 million. The company's market cap is $1.42 billion.
According to TipRanks.com, BMO Capital analyst Frank Lee is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 1.1% and a 66.67% 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.