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.
Luke Byrne– Category – Financial
Luke Byrne holds degree is in Economics and have worked in accounting, finance, and database management. His most recent full-time position was with a non-profit, handling all in-house bookkeeping as well as the Membership Program and the member database. His current work is providing web content as well as proofreading and editing services. He possesses over 10 years of investment experience, and he is also certified in Risk Management Assurance. Luke is a self-taught investor and follows the value investing approach to picking stocks. He currently covers Financial News category for our site.
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