Monmouth R.E. Inv. Corp. (MNR) Forms Bullish Multiple Top Pattern; Strong Momentum for Buyers Coming

June 20, 2017 - By Richard Conner

Investors sentiment decreased to 1.39 in Q4 2016. Its down 0.33, from 1.72 in 2016Q3. It turned negative, as 16 investors sold Monmouth R.E. Inv. Corp. shares while 54 reduced holdings. 29 funds opened positions while 68 raised stakes. 41.85 million shares or 6.51% more from 39.29 million shares in 2016Q3 were reported.
27,295 are owned by Voya Limited Liability. Victory Cap Management Incorporated has invested 0.01% in Monmouth R.E. Inv. Corp. (NYSE:MNR). Ronna Sue Cohen owns 157,675 shares for 1.86% of their portfolio. Asset Mngmt One reported 227,304 shares. Lpl Ltd Liability reported 0% in Monmouth R.E. Inv. Corp. (NYSE:MNR). Geode Capital Mgmt Limited Liability Corp reported 489,127 shares or 0% of all its holdings. Mraz Amerine And Assoc Incorporated has invested 0.37% in Monmouth R.E. Inv. Corp. (NYSE:MNR). State Street Corp holds 1.29 million shares. Tower Rech Ltd Liability Corporation (Trc) has 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR). Hsbc Hldgs Public Limited Liability Co reported 20,668 shares or 0% of all its holdings. Moreover, Credit Suisse Ag has 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 207,548 shares. Stephens Ar stated it has 0.04% of its portfolio in Monmouth R.E. Inv. Corp. (NYSE:MNR). Moreover, Ubs Asset Americas Inc has 0% invested in Monmouth R.E. Inv. Corp. (NYSE:MNR) for 99,311 shares. Blackrock Japan Co Limited stated it has 3,199 shares or 0% of all its holdings. Blackrock holds 259,860 shares.

Since January 17, 2017, it had 14 insider buys, and 0 insider sales for $295,419 activity. 1,351 shares were bought by LANDY MICHAEL P, worth $19,050 on Wednesday, March 15. Another trade for 4,500 shares valued at $109,275 was made by WOLGIN STEVEN B on Thursday, March 9. The insider Miller Kevin S. bought $1,002. On Wednesday, February 15 HERSTIK NEAL bought $5,001 worth of Monmouth R.E. Inv. Corp. (NYSE:MNR) or 365 shares. HIRSCH MATTHEW I bought $40,001 worth of stock.

The stock of Monmouth R.E. Inv. Corp. (MNR) shows a multiple tops pattern with $15.39 target or 4.00 % above today’s $14.80 share price. The 6 months chart pattern indicates low risk for the $1.06 billion company. It was reported on Jun, 20 by Finviz.com. If the $15.39 price target is reached, the company will be worth $42.40M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

About 40,703 shares traded. Monmouth R.E. Inv. Corp. (NYSE:MNR) has risen 27.78% since June 20, 2016 and is uptrending. It has outperformed by 11.08% the S&P500.

Monmouth R.E. Inv. Corp. (NYSE:MNR) Ratings Coverage

Among 5 analysts covering Monmouth Real Estate Investment Corporation (NYSE:MNR), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Monmouth Real Estate Investment Corporation has $16.50 highest and $11.50 lowest target. $15.75’s average target is 6.42% above currents $14.8 stock price. Monmouth Real Estate Investment Corporation had 10 analyst reports since August 10, 2015 according to SRatingsIntel. The company was initiated on Tuesday, July 19 by Janney Capital. The firm has “Buy” rating given on Friday, May 5 by National Securities. DA Davidson maintained Monmouth R.E. Inv. Corp. (NYSE:MNR) on Thursday, December 1 with “Neutral” rating. The stock has “Buy” rating by Wunderlich on Friday, August 5. As per Monday, August 10, the company rating was maintained by Wunderlich. The stock of Monmouth R.E. Inv. Corp. (NYSE:MNR) earned “Outperform” rating by BMO Capital Markets on Monday, August 24. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, December 2. DA Davidson upgraded the stock to “Buy” rating in Thursday, May 18 report. Wunderlich maintained the stock with “Buy” rating in Friday, May 6 report.

More important recent Monmouth R.E. Inv. Corp. (NYSE:MNR) news were published by: Prnewswire.com which released: “Monmouth Real Estate Investment Corporation Announces Pricing Of Preferred …” on March 06, 2017, also Prnewswire.com published article titled: “Monmouth Real Estate Investment Corporation Announces New Acquisition In The …”, Prnewswire.com published: “Monmouth Real Estate Investment Corporation To Participate In REITWeek 2017 …” on May 30, 2017. More interesting news about Monmouth R.E. Inv. Corp. (NYSE:MNR) was released by: Prnewswire.com and their article: “Monmouth Real Estate Investment Corporation Announces Redemption In Full Of 7 …” with publication date: May 05, 2017.

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