|Bid||25.46 x 3100|
|Ask||25.49 x 900|
|Day's range||25.47 - 25.49|
|52-week range||24.73 - 25.64|
|Beta (5Y monthly)||0.78|
|PE ratio (TTM)||38.60|
|Forward dividend & yield||1.53 (6.01%)|
|Ex-dividend date||12 Nov 2021|
|1y target est||N/A|
Sam Zell is a real estate visionary. Zell famously sold his first office REIT, Equity Office Properties, to private equity giant Blackstone Group (NYSE: BX) right before the commercial real estate market collapsed during the financial crisis. Now, Zell has his sights on another property type that he believes will be very rewarding in the coming years: industrial real estate.
Real estate moguls Sam Zell and Barry Sternlicht's battle for industrial real estate investment trust (REIT) Monmouth Real Estate Investment (NYSE: MNR) has ended. Monmouth shareholders rejected a sweetened cash-and-stock merger proposal from Zell's Equity Commonwealth (NYSE: EQC). As a result, Equity Commonwealth terminated its merger agreement with Monmouth.
CHICAGO, August 31, 2021--Equity Commonwealth (NYSE: EQC) announced today that its shareholders approved the proposals in connection with the proposed merger with Monmouth Real Estate Investment Corporation (NYSE: MNR), or Monmouth. Earlier today, Monmouth announced it did not receive the requisite shareholder support for the merger proposal at its special shareholder meeting. As a result, Equity Commonwealth has terminated the merger agreement and has requested reimbursement of fees and expense