Modiv Industrial (NYSE:MDV) Releases Quarterly Earnings Results, Beats Expectations By $0.42 EPS

Modiv Industrial (NYSE:MDV) posted its quarterly earnings results on Tuesday. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.42, FiscalAI reports. Modiv Industrial had a net margin of 0.33% and a return on equity of 0.07%. The company had revenue of $11.69 million for the quarter, compared to analysts’ expectations of $11.55 million.

Modiv Industrial Price Performance

Shares of Modiv Industrial stock traded down $0.25 during trading hours on Tuesday, reaching $17.96. The company had a trading volume of 355,157 shares, compared to its average volume of 65,950. Modiv Industrial has a one year low of $13.80 and a one year high of $18.96. The business has a fifty day simple moving average of $17.86 and a 200 day simple moving average of $16.50. The firm has a market cap of $185.37 million, a PE ratio of -43.81 and a beta of -0.07.

Modiv Industrial Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a dividend of $0.10 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 6.7%. Modiv Industrial’s dividend payout ratio is currently -292.68%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MDV shares. Wall Street Zen downgraded Modiv Industrial from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. Alliance Global Partners reaffirmed a “neutral” rating and set a $19.00 price target (up from $18.00) on shares of Modiv Industrial in a research report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Modiv Industrial in a report on Wednesday, July 15th. Lucid Cap Mkts cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Freedom Capital downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Modiv Industrial currently has a consensus rating of “Hold” and an average price target of $18.50.

Insider Activity

In related news, CEO Aaron Scott Halfacre acquired 3,586 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $17.34 per share, for a total transaction of $62,181.24. Following the purchase, the chief executive officer owned 137,830 shares in the company, valued at $2,389,972.20. This trade represents a 2.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased 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 valued at $555,000 after buying an additional 9,615 shares during the period. Jane Street Group LLC boosted its position in shares of Modiv Industrial by 129.2% in the first quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock valued at $730,000 after acquiring an additional 25,645 shares during the period. Geode Capital Management LLC grew its stake in Modiv Industrial by 130.1% during the second quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock valued at $3,160,000 after acquiring an additional 126,850 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Modiv Industrial by 858.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock worth $69,000 after acquiring an additional 4,420 shares during the period. Finally, Rhumbline Advisers bought a new stake in Modiv Industrial during the 2nd quarter worth approximately $215,000. Hedge funds and other institutional investors own 8.21% of the company’s stock.

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.