What's Ahead for Monmouth RE Inv. Corp. (MNR) After Today's Big Decline?

Yolanda Curtis
August 12, 2017

In recent action, Pennsylvania Real Estate Investment Trust (PEI) has made a move of +3.72% over the past month, which has come on Strong relative transaction volume. Over the past twelve months, Pennsylvania Real Estate Investment Trust (NYSE:PEI)'s stock was -40.66%. Renaissance Technologies LLC's holdings in Pennsylvania Real Estate Investment Trust were worth $3,416,000 as of its most recent filing with the SEC. Janney Montgomery Scott LLC raised its stake in shares of Washington Real Estate Investment Trust by 1.5% in the first quarter.

Investors Real Estate Trust is a self-advised equity real estate investment trust (REIT). US Bancorp DE now owns 170,584 shares of the real estate investment trust's stock valued at $1,011,000 after buying an additional 43,995 shares during the last quarter. Citadel Advisors Ltd Liability has invested 0% in Investors Real Estate Trust (NYSE:IRET). Over the last six months, Monmouth Real Estate Investment Corporation's stock has been 3.84% and 8.38% for the year. Ltd. now owns 11,621 shares of the real estate investment trust's stock valued at $364,000 after buying an additional 120 shares during the period. Swiss National Bank accumulated 66,400 shares or 0% of the stock. However, if the PEI shares go below $10.9 then it would indicate a much weaker market for the company. CIBC reduced their price target on RioCan Real Estate Investment Trust from C$29.50 to C$27.00 in a research note on Tuesday. The firm has a 50 day moving average of $32.31 and a 200-day moving average of $32.05.

Other firms have also shifted positions in (PEI).


Analysts await KKR Real Estate Finance Trust Inc (NYSE:KREF) to report earnings on September, 13.

Revenue for the quarter also did not kill consensus, coming in at $24.4 Million, compared to the consensus of 25.5 Million. Ares Commercial Real Estate Corporation had a return on equity of 7.07% and a net margin of 45.06%. During the same period past year, the firm posted $0.43 earnings per share. The company posted earnings of $28.61 M for the period end, compared to analysts' anticipations of $28.81 M. for the same period in the previous fiscal year, company reported $0.19 EPS. Its up 0.33, from 0.98 in 2016Q3. Monmouth Real Estate Investment Corporation's dividend payout ratio (DPR) is presently 213.33%. The Third Amendment changed the interest payment date to the first day of each calendar month and decreases the total commitment on the revolving credit line by Twenty Five million and 00/100 Dollars ($25,000,000) to Fifty Million and 0/100 Dollars ($50,000,000) on October 7, 2017.

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ACRE has been the topic of several research analyst reports. Barclays PLC reissued an "underweight" rating and issued a $14.00 target price (down from $15.00) on shares of Pennsylvania Real Estate Investment Trust in a research report on Wednesday, April 19th. The Massachusetts-based Albert D Mason Inc has invested 2.1% in the stock. Zacks Investment Research upgraded Investors Real Estate Trust from a "sell" rating to a "hold" rating in a research note on Thursday, June 29th. Vanguard Grp Inc has invested 0.01% in Investors Real Estate Trust (NYSE:IRET).

Similar to the RSI, the RMI fluctuates between 0-100, where a reading crossing 70 would indicate overbought territory and under 30 Oversold. Washington Real Estate Investment Trust now has a consensus rating of "Buy" and an average target price of $33.92. The short ratio of stock is 5.57. The total value of its holdings increased 2.0%. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.


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