Published on 27 Aug 2021 on Insider Monkey via Yahoo Finance
Is Monmouth Real Estate Investment (MNR) A Smart Long-Term Buy?
Heartland Advisors, an investment management firm, published its "Heartland Value Fund" second-quarter 2021 investor letter – a copy of which can be downloaded here. In the letter, Heartland mentioned that the fund was up double digits for the first half of the year, and its 10 Principles of Value Investing™ continues to lead them to well-managed businesses that are financially strong. You can take a look at the fund’s top 5 holdings to have an idea about their top bets for 2021.
In the Q2 2021 investor letter of Heartland Advisors, the fund mentioned Monmouth Real Estate Investment Corporation (NYSE: MNR) and discussed its stance on the firm. Monmouth Real Estate Investment Corporation is a Holmdel, New Jersey-based real estate investment trust company with a $1.8 billion market capitalization. MNR delivered an 8.89% return since the beginning of the year, while its 12-month returns are up by 32.54%. The stock closed at $19.10 per share on August 17, 2021.
Here is what Heartland Advisors has to say about Monmouth Real Estate Investment Corporation in its Q2 2021 investor letter: