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BMO Capital Stick to Their Hold Rating for Monmouth Real Estate Investment

Published 05/05/2021, 02:35 AM
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BMO Capital analyst Frank Lee maintained a Hold rating on Monmouth Real Estate Investment (NYSE:MNR) on Wednesday, setting a price target of $18, which is approximately 1.37% below the present share price of $18.25.

Lee expects Monmouth Real Estate Investment to post earnings per share (EPS) of $0.26 for the second quarter of 2021.

The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Monmouth Real Estate Investment, with an average price target of $19.5.
The analysts price targets range from a high of $21 to a low of $18.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $43.96 million and a net profit of $21.75 million. The company's market cap is $1.79 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 11.2% and a 64.71% 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.

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