National Securities Corp Maintains a Buy Rating on Monmouth Real Estate

By Ryan Adsit

In a report released today, John Benda from National Securities Corp maintained a Buy rating on Monmouth Real Estate (NYSE: MNR), with a price target of $16.50. The company’s shares opened today at $13.99.

According to, Benda is a 5-star analyst with an average return of 23.0% and a 95.0% success rate. Benda covers the Financial sector, focusing on stocks such as Preferred Apartment Communities, Bluerock Residential Growth, and Trade Street Residential.

Monmouth Real Estate has an analyst consensus of Moderate Buy, with a price target consensus of $16.50.

The company has a one year high of $14.92 and a one year low of $9.50. Currently, Monmouth Real Estate has an average volume of 410.9K.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MNR in relation to earlier this year. Most recently, in August 2016, Eugene Landy, the COB of MNR bought 65,000 shares for a total of $471,250.

Monmouth Real Estate Investment Corp. engages in the operation of a real estate investment trust specializing in net-leased industrial properties subject to long-term leases primarily to investment grade tenants. It owns a portfolio of real estate investment trust securities. The company was founded by Eugene W. Landy in 1968 and is headquartered in Freehold, NJ.