Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 121 properties, containing a total of approximately 24.5 million rentable square feet, geographically diversified across 31 states. Our occupancy rate as of this date is 99.7%.
IPO Year: 2023
Exchange: NYSE
Website: mreic.reit
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/28/2023 | $27.00 | Buy | Johnson Rice |
| 11/20/2023 | $24.00 | Overweight | Stephens |
| 11/20/2023 | $31.00 | Buy | Stifel |
| 11/20/2023 | $23.00 | Strong Buy | Raymond James |
| 9/1/2021 | $17.00 → $19.00 | Sector Perform | RBC Capital |
| 7/22/2021 | $18.88 → $21.50 | Neutral → Buy | Compass Point |
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8-K - MACH NATURAL RESOURCES LP (0001980088) (Filer)
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8-K - MACH NATURAL RESOURCES LP (0001980088) (Filer)
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") today announced the closing of its previously announced acquisitions of certain interests in oil and gas properties, rights and related assets in the Anadarko Basin of Kansas and the Ardmore Basin of Oklahoma (the "Acquired Assets"). On a combined basis, the Acquired Assets were purchased for a total consideration of $136 million, subject to customary terms and conditions, including various closing price adjustments. The Company funded the transactions with a combination of proceeds from Mach's recent secondary offering and cash on hand. About Mach Natural Resources LP Mach Natural Resources LP is an independent upstream oil
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") announced today that the underwriters of its previously announced public offering of 7,272,728 common units representing limited partner interests in Mach (the "common units") have partially exercised their option to purchase an additional 1,018,465 common units at a price to the public of $16.50 per common unit, less underwriting discounts and commissions (the "Option"). The Option closed on September 24, 2024. Mach intends to use the net proceeds to fund pending acquisitions and for general partnership purposes, which may include future acquisitions. Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Incorporated
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") announced today the pricing of its public offering (the "Offering") of 7,272,728 common units representing limited partner interests in Mach (the "common units") at a price to the public of $16.50 per common unit. Mach has granted the underwriters an option to purchase up to an additional 1,090,909 common units at the public offering price, less underwriting discounts and commissions. Mach intends to use the net proceeds from the Offering to fund its two pending acquisitions of certain oil and gas assets located in the Ardmore Basin of Oklahoma and the Anadarko Basin of Kansas and Oklahoma, and for general partnership purposes w
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") announced today the launch of its public offering (the "Offering") of 7,853,403 common units representing limited partner interests in Mach (the "common units"). Mach will also grant the underwriters an option to purchase up to an additional 1,178,010 common units at the public offering price, less underwriting discounts and commissions. Mach intends to use the net proceeds from the Offering to fund its two pending acquisitions of certain oil and gas assets located in the Ardmore Basin of Oklahoma and the Anadarko Basin of Kansas and Oklahoma, and for general partnership purposes which may include future acquisitions. Our common
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") today reported financial and operating results for the three months ended June 30, 2024. The Company also announced its quarterly cash distribution and updated its full year 2024 outlook. Second Quarter 2024 Highlights Averaged total net production of 89.3 thousand barrels of oil equivalent per day ("Mboe/d") exceeded the high-end of guidance Produced an average of 20.9 thousand barrels of oil per day ("MBbl/d") Lease operating expense of $5.72 per barrel of oil equivalent ("Boe") was below the low-end of guidance Reported net income and Adjusted EBITDA of $40 million and $136 million, respectively Generated net
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") announced today that it will report second quarter 2024 results on Tuesday, August 13, 2024, after the close of trading on the New York Stock Exchange. The earnings release for the second quarter 2024 results will be available on the Company's website at www.ir.machnr.com. The Company will host a conference call to discuss its second quarter 2024 financial and operating results at 8:00 a.m. Central (9:00 a.m. Eastern) on Wednesday, August 14, 2024. Participants can access the conference call by dialing 877-407-2984. A webcast link to the conference call will be provided on the Company's website at www.ir.machnr.com. A replay w
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com DENVER, July 29, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for EnerCom Denver – The Energy Investment Conference can now request One-on-One meetings with senior management teams of participating companies (listed below). The energy investment community and industry professionals are encouraged to register now for EnerCom Denver, which will take place August 18–21, 2024, at the Westin Denver Downtown. There is no cost to register for the conference
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com Emerging Energy Technology and Energy Transition Companies are Invited to Present at EnerCom Denver DENVER, July 17, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to publish presentation times and schedules for participating companies on the conference website for the 29th Annual EnerCom Denver – The Energy Investment Conference, to be held August 18-21, 2024, at the Westin Denver Downtown. The four-day conference provides investors unparalleled access and networking opportunities, including one-on-one meetings with company management teams. Meetings are limited to qualified investors, incl
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") today announced that the Company's 2023 Schedule K-3s, reflecting items of international tax relevance, are now available online. Unitholders requiring this information may access their Schedule K-3 online at www.taxpackagesupport.com/mnr. A limited number of Mach investors—primarily foreign unitholders, those computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders—may need the detailed information disclosed on Schedule K-3 for specific reporting requirements. To the extent a Schedule K-3 is applicable to their federal income tax return filing needs, unitholders are encouraged to
EnerCom is accepting applications from start-up companies focused on innovation in alternative energy, advanced oil and gas technology, environmental sustainability and carbon solutions to participate in The Energy Transition and Emerging Technology Session Registration for institutional investors, portfolio managers, financial analysts, CIOs, and others in the investment community is free DENVER, June 24, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that the upcoming EnerCom Denver - The Energy Investment Conference will once again include The Energy Transition and Emerging Technology Session featuring quick-pitch investment pitches from promising start-up energy and technology
Johnson Rice initiated coverage of Mach Natural Resources with a rating of Buy and set a new price target of $27.00
Stephens initiated coverage of Mach Natural Resources with a rating of Overweight and set a new price target of $24.00
Stifel initiated coverage of Mach Natural Resources with a rating of Buy and set a new price target of $31.00
Raymond James initiated coverage of Mach Natural Resources with a rating of Strong Buy and set a new price target of $23.00
RBC Capital reiterated coverage of Monmouth Real Estate with a rating of Sector Perform and set a new price target of $19.00 from $17.00 previously
Compass Point upgraded Monmouth Real Estate from Neutral to Buy and set a new price target of $21.50 from $18.88 previously
Berenberg downgraded Monmouth Real Estate from Buy to Hold and set a new price target of $20.00
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4 - MONMOUTH REAL ESTATE INVESTMENT CORP (0000067625) (Issuer)
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Urges Board to Create a Special Committee to Ensure Objectivity Announces Intention to Nominate Four Exceptional Director Candidates to the Board NEW YORK, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (together with its affiliates “Blackwells”), an alternative investment management firm that owns approximately 4% of the outstanding shares of common stock of Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”), today announced its support for the strategic alternatives process announced by Monmouth, while demanding the Board of Directors (the “Board”) create a Special Committee of independent directors, unaffiliated with the Landy family. Jas
HOLMDEL, N.J., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) (“Monmouth” or the “Company”) today announced that its Board of Directors (the “Board”), working together with its legal and financial advisors, has unanimously decided to explore strategic alternatives to maximize stockholder value. The Board intends to consider the full range of available alternatives including a potential sale or merger of the Company. Monmouth has retained J.P. Morgan to work collaboratively with CS Capital Advisors to assist and advise the Board in its strategic review. The Company noted that there can be no assurance that the exploration of strategic alternatives
HOLMDEL, N.J, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”) today announced that its Board of Directors declared a quarterly dividend of $0.18 per share of common stock, which represents a 5.9% increase over the previous quarterly dividend of $0.17 per share and an annualized dividend rate of $0.72 per share. This dividend is payable on March 15, 2021 to stockholders of record as of the close of business on February 16, 2021. Also on January 14, 2021, the Board of Directors declared a dividend for the period December 1, 2020 through February 28, 2021 of $0.3828125 per share on the Company’s 6.125% Series C Cumulative
Highlights Track Record of Superior Value Creation Overseen by Diverse, Experienced Board of Directors Monmouth Board Is Reviewing Blackwells’ Unsolicited Acquisition Proposal Board’s Nominating and Corporate Governance Committee Will Evaluate Director Nominations and Proposals Submitted by Blackwells and Land & Buildings Monmouth was the Single Best Performing Industrial REIT Based on Total Return to Stockholders, Over the Past Year HOLMDEL, N.J, Dec. 31, 2020 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”) today disclosed that, as of the deadline for receipt of such notices, it has received notice from Blackwells Capital LL
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") today reported financial and operating results for the three months ended June 30, 2024. The Company also announced its quarterly cash distribution and updated its full year 2024 outlook. Second Quarter 2024 Highlights Averaged total net production of 89.3 thousand barrels of oil equivalent per day ("Mboe/d") exceeded the high-end of guidance Produced an average of 20.9 thousand barrels of oil per day ("MBbl/d") Lease operating expense of $5.72 per barrel of oil equivalent ("Boe") was below the low-end of guidance Reported net income and Adjusted EBITDA of $40 million and $136 million, respectively Generated net
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") announced today that it will report second quarter 2024 results on Tuesday, August 13, 2024, after the close of trading on the New York Stock Exchange. The earnings release for the second quarter 2024 results will be available on the Company's website at www.ir.machnr.com. The Company will host a conference call to discuss its second quarter 2024 financial and operating results at 8:00 a.m. Central (9:00 a.m. Eastern) on Wednesday, August 14, 2024. Participants can access the conference call by dialing 877-407-2984. A webcast link to the conference call will be provided on the Company's website at www.ir.machnr.com. A replay w
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") today reported financial and operating results for the three months ended March 31, 2024. The Company also reiterated its full year 2024 outlook and announced its quarterly cash distribution. First Quarter 2024 Highlights Averaged total net production of 89.0 thousand barrels of oil equivalent per day ("Mboe/d") Produced an average of 20.6 thousand barrels of oil per day ("MBbl/d") Lease operating expense of $5.03 per barrel of oil equivalent ("Boe") was below low-end of guidance Reported net income and Adjusted EBITDA(1) of $42 million and $169 million, respectively Generated net cash provided by operating acti
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") announced today that it will report first quarter 2024 results on Monday, May 13, 2024, after market close. The earnings release for the first quarter 2024 results will be available on the Company's website at ir.machnr.com. The Company will host a conference call to discuss its first quarter 2024 financial and operating results at 8:00 a.m. Central (9:00 a.m. Eastern) on Tuesday, May 14, 2024. Participants can access the conference call by dialing 877-407-2984. A webcast link to the conference call will be provided on the Company's website at ir.machnr.com. A replay will also be available on the Company's website following th
Mach Natural Resources LP (NYSE:MNR) ("Mach" or the "Company") announced today that it will host a conference call to discuss its full-year 2023 financial and operating results, as well as the Company's 2024 guidance, at 8 a.m. Central (9 a.m. Eastern) Monday, April 1, 2024. Participants can access the conference call by dialing 877-407-2984. A webcast link to the conference call will be provided on the Company's website at ir.machnr.com. A replay will also be available on the Company's website following the call. About Mach Natural Resources LP Mach Natural Resources LP is an independent upstream oil and gas Company focused on the acquisition, development and production of oil, natur
OKLAHOMA CITY, Nov. 29, 2023 /PRNewswire/ -- Mach Natural Resources LP (NYSE: MNR) (the "Company") will release its third quarter 2023 results after the close of trading on the New York Stock Exchange on Wednesday, December 6, 2023. The Company will host a conference call at 8:00 a.m. (Central Time) on Thursday, December 7, 2023, to discuss its third quarter 2023 results. Participants can access the conference call by dialing 877-407-2984. A webcast link to the conference call will be provided on the Company's website at ir.machnr.com. A replay will be available on the website following the call. ABOUT MACH NATURAL RESOURCES LP Mach Natural Resources LP is an independent upstream oil and ga
BOSTON, July 06, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE:PLYM) announced its leasing activity for the second quarter of 2023. The Company also announced senior management team promotions and details for its second quarter earnings conference call and webcast to be held on August 3, 2023. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, "As evidenced by the strong leasing results we have reported again this quarter and the continued progress on our development program and balance sheet, Plymouth possesses a deep bench, a wealth of real estate experience on our senior management team and a commitment across the entire organization to deliver e
Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced that the characterization of dividends for 2022 income tax reporting purposes for both ILPT and Monmouth Real Estate Investment Corporation (NYSE:MNR), prior to MNR's merger with and into ILPT, is as follows: ILPT Common Shares Dividend Allocation Per Share Section Total Unrecaptured Declaration Record Paid/Payable Dividends Ordinary 199A Qualified Capital Section 1250 Return of Dates Dates Dates Per Share Income Dividend(1) Dividend(2) Gain Gain(3) Capital 01/13/22 01/24/22 02/17/22 $0.33
HOLMDEL, N.J., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR), or Monmouth, today announced that its shareholders voted to approve the acquisition of Monmouth by Industrial Logistics Properties Trust, a Maryland real estate investment trust ("ILPT"). "I thank our shareholders for their strong support of this transaction and our talented employees for their hard work and dedication over the years," said Michael Landy, President and CEO of Monmouth. "With this significant milestone now behind us, we look forward to completing the transaction with ILPT and delivering immediate and certain all-cash value to our shareholders at a significant premium. I
Fourth Quarter Net Income Attributable to Common Shareholders of $0.97 Per Share Fourth Quarter Normalized FFO Attributable to Common Shareholders of $0.49 Per Share Fourth Quarter Same Property Cash Basis NOI Increased by 4.5% Compared to the Same Period Last Year Entered into a Definitive Agreement to Acquire Monmouth Real Estate Investment Corporation (NYSE:MNR) Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced financial results for the quarter ended December 31, 2021. John Murray, President and Chief Executive Officer of ILPT, made the following statement: "ILPT finished 2021 with strong leasing momentum, solid financial growth and the announcement of a high qual
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Companies Reporting Before The Bell • Mach Natural Resources (NYSE:MNR) is projected to report quarterly earnings at $0.92 per share on revenue of $213.43 million. • Sharps Technology (NASDAQ:STSS) is expected to report earnings for its fourth quarter. • Sachem Cap (AMEX:SACH) is projected to report quarterly earnings at $0.11 per share on revenue of $16.58 million. • Enservco (AMEX:ENSV) is projected to report quarterly loss at $0.05 per share on revenue of $6.60 million. • NexGel (NASDAQ:NXGL) is likely to report quarterly loss at $0.11 per share on revenue of $1.38 million. • Milestone Scientific (AMEX:MLSS) is likely to report earnings for its fourth quarter. • SPAR Group (NASDAQ:
In the last three months, 4 analysts have published ratings on Mach Natural Resources (NYSE:MNR), offering a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $28.25, along with a high estimate of $31.00 and a low estimate of $23.00. Experienci
Stifel analyst Derrick Whitfield maintains Mach Natural Resources (NYSE:MNR) with a Buy and lowers the price target from $30 to $29.
Stifel analyst Derrick Whitfield maintains Mach Natural Resources (NYSE:MNR) with a Buy and lowers the price target from $31 to $30.
Stifel analyst Derrick Whitfield maintains Mach Natural Resources (NYSE:MNR) with a Buy and lowers the price target from $31 to $30.
Mach Natural Resources (NYSE:MNR) reported quarterly sales of $175.39 million which missed the analyst consensus estimate of $243.68 million by 28.02 percent. This is a 40.70 percent decrease over sales of $295.74 million the same period last year.
Companies Reporting Before The Bell • Ollie's Bargain Outlet (NASDAQ:OLLI) is estimated to report quarterly earnings at $0.44 per share on revenue of $468.55 million. • Root (NASDAQ:ROOT) is likely to report quarterly earnings at $0.02 per share on revenue of $64.69 million. • John Wiley & Sons (NYSE:WLY) is projected to report quarterly earnings at $0.56 per share on revenue of $378.40 million. • Brown Forman Inc Class B Common Stock (NYSE:BF) is likely to report quarterly earnings at $0.51 per share on revenue of $1.15 billion. • Vera Bradley (NASDAQ:VRA) is estimated to report quarterly earnings at $0.09 per share on revenue of $123.09 million. • Campbell Soup (NYSE:CPB) is likely t
Raymond James analyst John Freeman initiates coverage on Mach Natural Resources (NYSE:MNR) with a Strong Buy rating and announces Price Target of $23.