Modiv Industrial (NYSE:MDV) CEO Acquires $100,847.34 in Stock

Modiv Industrial, Inc. (NYSE:MDV) CEO Aaron Scott Halfacre bought 5,766 shares of the stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of $17.49 per share, for a total transaction of $100,847.34. Following the completion of the acquisition, the chief executive officer directly owned 134,245 shares of the company’s stock, valued at approximately $2,347,945.05. This trade represents a 4.49% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Modiv Industrial Price Performance

Shares of NYSE:MDV opened at $17.52 on Monday. The company has a market capitalization of $180.80 million, a P/E ratio of -42.73 and a beta of -0.09. Modiv Industrial, Inc. has a 1 year low of $13.80 and a 1 year high of $18.83. The business’s 50 day simple moving average is $17.62 and its 200 day simple moving average is $15.81.

Modiv Industrial (NYSE:MDV) last released its earnings results on Friday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.12). Modiv Industrial had a return on equity of 0.07% and a net margin of 0.33%.The company had revenue of $11.70 million for the quarter, compared to analyst estimates of $11.43 million. On average, sell-side analysts anticipate that Modiv Industrial, Inc. will post 1.39 EPS for the current fiscal year.

Modiv Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a c) annualized dividend and a yield of 6.8%. Modiv Industrial’s dividend payout ratio is currently -292.68%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Alliance Global Partners restated a “neutral” rating and issued a $19.00 target price (up from $18.00) on shares of Modiv Industrial in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Modiv Industrial from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. Zacks Research raised shares of Modiv Industrial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Cantor Fitzgerald downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Lucid Cap Mkts cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, Modiv Industrial currently has an average rating of “Hold” and an average target price of $18.50.

Institutional Investors Weigh In On Modiv Industrial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in Modiv Industrial by 130.1% during the 2nd quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock worth $3,160,000 after purchasing an additional 126,850 shares in the last quarter. State Street Corp boosted its position in Modiv Industrial by 12.0% in the fourth quarter. State Street Corp now owns 120,787 shares of the company’s stock valued at $1,750,000 after buying an additional 12,970 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Modiv Industrial by 20.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 90,000 shares of the company’s stock worth $1,295,000 after buying an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Modiv Industrial by 17.8% during the first quarter. Dimensional Fund Advisors LP now owns 82,199 shares of the company’s stock worth $1,177,000 after buying an additional 12,439 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Modiv Industrial by 14.7% during the first quarter. Renaissance Technologies LLC now owns 75,700 shares of the company’s stock worth $1,084,000 after buying an additional 9,702 shares during the last quarter. 8.21% of the stock is owned by institutional investors.

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.