|Day Low/High||14.91 / 15.04|
|52 Wk Low/High||11.22 / 15.36|
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Monmouth Real Estate Investment Corp presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
Floyd Tyler, portfolio manager of Preserver Alternative Opportunities Fund, found these picks off the beaten track.
Monmouth Real Estate is up over 40 percent so far in 2016 and the industrial REIT could have more room to run.
In trading on Tuesday, shares of Monmouth Real Estate Investment Corp's 7.625% Series A Cumulative Redeemable Preferred Stock were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9062), with shares changing hands as low as $25.05 on the day. This compares to an average yield of 6.59% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
In trading on Thursday, shares of Monmouth Real Estate Investment Corp's 7.875% Series B Cumulative Redeemable Preferred Stock were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $26.08 on the day. This compares to an average yield of 6.58% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
The most recent short interest data has been released for the 07/29/2016 settlement date, which shows a 267,678 share decrease in total short interest for Monmouth Real Estate Investment Corp , to 1,031,199, a decrease of 20.61% since 07/15/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
In recent trading, shares of Monmouth Real Estate Investment Corp have crossed above the average analyst 12-month target price of $13.67, changing hands for $13.68/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.