RBC Capital analyst Michael Carroll maintained a Hold rating on Monmouth Real Estate Investment (NYSE:MNR) on Friday, setting a price target of $17, which is approximately 7.36% below the present share price of $18.35.
Carroll expects Monmouth Real Estate Investment to post earnings per share (EPS) of $0.26 for the first quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Monmouth Real Estate Investment, with an average price target of $18.67.
The analysts price targets range from a high of $21 to a low of $17.
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 $1.8 billion.
According to TipRanks.com, RBC Capital analyst Michael Carroll is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.5% and a 70.00% 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.