Monmouth Real Estate Investment Stock To Go Ex-dividend Tomorrow (MNR)

NEW YORK ( TheStreet) -- The ex-dividend date for Monmouth Real Estate Investment (NYSE: MNR) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $10.50 as of 9:30 a.m. ET, the dividend yield is 5.7%.

The average volume for Monmouth Real Estate Investment has been 101,500 shares per day over the past 30 days. Monmouth Real Estate Investment has a market cap of $419.7 million and is part of the financial sector and real estate industry. Shares are up 14.3% year to date as of the close of trading on Wednesday.

Monmouth Real Estate Investment Corporation (MREIC) is a real estate investment trust. It owns, manages, and leases properties to investment-grade tenants on long-term leases. The firm invests in the public equity and real estate markets of the United States. The company has a P/E ratio of 24.3, above the average real estate industry P/E ratio of 20.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Monmouth Real Estate Investment as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Monmouth Real Estate Investment Ratings Report.

See our dividend calendar or top-yielding stocks list.