Modiv Industrial, Inc. (NYSE:MDV) Given Average Recommendation of “Hold” by Brokerages

Shares of Modiv Industrial, Inc. (NYSE:MDV) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating. The average 12 month target price among brokers that have covered the stock in the last year is $18.50.

Several analysts have recently issued reports on the company. Freedom Capital lowered Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Modiv Industrial in a research note on Wednesday, July 15th. Wall Street Zen lowered shares of Modiv Industrial from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. Cantor Fitzgerald cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Alliance Global Partners reiterated a “neutral” rating and set a $19.00 target price (up from $18.00) on shares of Modiv Industrial in a research report on Thursday, May 7th.

Insider Activity

In other Modiv Industrial news, CEO Aaron Scott Halfacre acquired 3,586 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $17.34 per share, for a total transaction of $62,181.24. Following the acquisition, the chief executive officer owned 137,830 shares in the company, valued at $2,389,972.20. The trade was a 2.67% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.80% of the company’s stock.

Institutional Trading of Modiv Industrial

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in shares of Modiv Industrial by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 866 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Modiv Industrial by 648.8% in the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock valued at $32,000 after purchasing an additional 1,914 shares in the last quarter. Bank of America Corp DE grew its position in Modiv Industrial by 3,913.3% in the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock worth $42,000 after acquiring an additional 2,935 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Modiv Industrial by 858.3% in the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after acquiring an additional 4,420 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Modiv Industrial in the 2nd quarter valued at $72,000. 8.21% of the stock is currently owned by institutional investors.

Modiv Industrial Stock Performance

Shares of NYSE MDV opened at $18.25 on Wednesday. Modiv Industrial has a 52 week low of $13.80 and a 52 week high of $18.96. The stock has a 50 day moving average price of $18.02 and a 200 day moving average price of $16.19. The stock has a market capitalization of $188.32 million, a PE ratio of -44.51 and a beta of -0.07.

Modiv Industrial (NYSE:MDV) last issued its earnings results on Friday, May 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.12). The business had revenue of $11.70 million for the quarter, compared to the consensus estimate of $11.43 million. Modiv Industrial had a return on equity of 0.07% and a net margin of 0.33%. As a group, research analysts forecast that Modiv Industrial will post 1.39 EPS for the current year.

Modiv Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be issued a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Monday, August 3rd. Modiv Industrial’s dividend payout ratio (DPR) is -292.68%.

About Modiv Industrial

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.