Worth Watching Stock for Traders: Monmouth Real Estate Investment Corporation (NYSE:MNR)

Monmouth Real Estate Investment Corporation (NYSE:MNR) stock identified change of 20.20% away from 52-week low price and recently located move of -14.80% off 52-week high price. It has market worth of $1368.88M and dividend yield of 4.76%. MNR stock has been recorded 4.50% away from 50 day moving average and 5.50% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.33% off 20-day moving average.

On Oct. 1, 2019, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE:MNR) notified its quarterly cash dividend on the Company’s Common Stock of $0.17 per share payable December 16, 2019, to shareholders of record at the close of business on November 15, 2019.  The Company’s annual dividend rate on its Common Stock is $0.68 per share.

Also on October 1, 2019, the Board of Directors declared a dividend for the period September 1, 2019 through November 30, 2019, of $0.3828125 per share on the Company’s 6.125% Series C Cumulative Redeemable Preferred Stock payable December 16, 2019 to shareholders of record as of the close of business on November 15, 2019. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.53125.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment grade tenants.  Monmouth Real Estate Investment Corporation is a fully integrated and self-managed real estate company, whose property portfolio consists of 114 properties containing a total of approximately 22.3 million rentable square feet, geographically diversified across 30 states.  In addition, the Company owns a portfolio of REIT securities. The Financial sector company, Monmouth Real Estate Investment Corporation noticed change of -0.90% to $14.28 along volume of 317936 shares in recent session compared to an average volume of 407.84K. The stock observed return of 0.14% in 5 days trading activity. The stock was at 8.84% over one month performance. MNR’s shares are at 4.08% for the quarter and driving a -14.59% return over the course of the past year and is now at 15.16% since this point in 2018.

The average volatility for the week at 1.39% and for month was at 1.64%. There are 95.86M shares outstanding and 92.24M shares are floated in market. Right now the stock beta is 0.64.

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