Modiv Industrial’s (MDV) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Modiv Industrial (NYSE:MDV) in a report published on Tuesday,Benzinga reports. The brokerage currently has a $18.00 price target on the stock.

A number of other research analysts also recently weighed in on the company. Wall Street Zen downgraded Modiv Industrial from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings raised Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $18.00.

Modiv Industrial Stock Up 0.2%

MDV stock opened at $15.12 on Tuesday. The business’s fifty day moving average is $14.89 and its 200-day moving average is $14.71. The company has a market cap of $155.99 million, a P/E ratio of -48.76 and a beta of -0.25. Modiv Industrial has a twelve month low of $13.80 and a twelve month high of $17.15.

Modiv Industrial (NYSE:MDV) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.33). The company had revenue of $11.07 million during the quarter, compared to analyst estimates of $11.38 million. Modiv Industrial had a net margin of 2.30% and a return on equity of 0.52%. Research analysts anticipate that Modiv Industrial will post 1.18 earnings per share for the current fiscal year.

Modiv Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. Modiv Industrial’s dividend payout ratio (DPR) is currently -387.10%.

Institutional Investors Weigh In On Modiv Industrial

A number of hedge funds have recently modified their holdings of MDV. Goldman Sachs Group Inc. raised its position in shares of Modiv Industrial by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 34,557 shares of the company’s stock worth $555,000 after purchasing an additional 9,615 shares during the period. Jane Street Group LLC raised its stake in shares of Modiv Industrial by 129.2% in the 1st quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock valued at $730,000 after purchasing an additional 25,645 shares during the period. Geode Capital Management LLC raised its stake in shares of Modiv Industrial by 130.1% in the 2nd quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock valued at $3,160,000 after purchasing an additional 126,850 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Modiv Industrial by 858.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after purchasing an additional 4,420 shares during the period. Finally, Rhumbline Advisers acquired a new stake in shares of Modiv Industrial in the 2nd quarter valued at about $215,000. Institutional investors and hedge funds own 8.21% of the company’s stock.

Modiv Industrial Company Profile

Modiv Industrial, Inc (NYSE: MDV) is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of single-tenant industrial properties. The company’s portfolio is anchored by net-lease agreements with corporate and public sector tenants, providing stable, long-term cash flows. Modiv Industrial focuses on light manufacturing facilities, warehouse and distribution centers, and similar industrial real estate assets that serve as critical links in supply chains.

Modiv Industrial pursues a geographically diversified strategy, targeting properties in key U.S.