Monmouth Real Estate Investment Corporation (NYSE:MNR) shares traded higher over the last trading session, gaining 0.32% on 05/19/21. The shares fell to a low of $18.76 before closing at $18.95. Intraday shares traded counted 0.62 million, which was -29.92% lower than its 30-day average trading volume of 475.97K. MNR’s previous close was $18.89 while the outstanding shares total 98.30M. The firm has a beta of 0.77. The stock’s Relative Strength Index (RSI) is 56.49, with weekly volatility at 1.78% and ATR at 0.34. The MNR stock’s 52-week price range has touched low of $12.02 and a $19.50 high.
Investors have identified the REIT – Industrial company Monmouth Real Estate Investment Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.86 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Monmouth Real Estate Investment Corporation (MNR) Fundamentals that are to be considered.
MNR were able to record -119.7 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by -4.13 million. In cash movements, the company had a total of 54.43 million as operating cash flow.
Potential earnings growth for Monmouth Real Estate Investment Corporation (MNR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Monmouth Real Estate Investment Corporation recorded a total of 46.37 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 10.04% coming in sequential stages and their sales for the 08/11/2021 quarter increasing by 5.19%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 25.67 million trying to sell their products during the last quarter, with the result yielding a gross income of 20.7 million. This allows shareholders to hold on to 98.30M with the recently reported earning now reading 0.26 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.19 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.92 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MNR sounds very interesting.
Is the stock of MNR attractive?
In related news, Controller, Rytter Katie bought 8 shares of the company’s stock in a transaction that recorded on Mar 15. The purchase was performed at an average price of 18.71, for a total value of 156. As the purchase deal closes, the President and CEO, LANDY MICHAEL P now bought 61 shares of the company’s stock, valued at 1,000. Also, President and CEO, LANDY MICHAEL P bought 125 shares of the company’s stock in a deal that was recorded on Dec 16. The shares were cost at an average price of 16.94 per share, with a total market value of 2,118. Following this completion of disposal, the President and CEO, LANDY MICHAEL P now holds 825 shares of the company’s stock, valued at 13,976. In the last 6 months, insiders have changed their ownership in shares of company stock by 4.80%.
4 out of 7 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Monmouth Real Estate Investment Corporation. 0 analysts has assigned a Sell rating on the MNR stock. The 12-month mean consensus price target for the company’s shares has been set at $19.07.