Modiv Industrial, Inc. (NYSE:MDV) Short Interest Update

Modiv Industrial, Inc. (NYSE:MDV) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 152,633 shares, a growth of 47.9% from the July 15th total of 103,193 shares. Based on an average trading volume of 56,937 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.5% of the shares of the company are short sold.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MDV shares. Alliance Global Partners reissued a “neutral” rating and set a $19.00 price target (up from $18.00) on shares of Modiv Industrial in a report on Thursday, May 7th. Wall Street Zen downgraded shares of Modiv Industrial from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. Cantor Fitzgerald lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Freedom Capital cut shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Lucid Cap Mkts downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat, Modiv Industrial has a consensus rating of “Hold” and an average target price of $18.50.

Insider Buying and Selling at Modiv Industrial

In related news, CEO Aaron Scott Halfacre bought 5,766 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average price of $17.49 per share, for a total transaction of $100,847.34. Following the completion of the acquisition, the chief executive officer owned 134,245 shares of the company’s stock, valued at $2,347,945.05. This trade represents a 4.49% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Modiv Industrial

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in shares of Modiv Industrial in the 2nd quarter valued at about $420,000. Militia Capital Management LLC acquired a new stake in shares of Modiv Industrial in the 1st quarter worth $352,000. Bank of America Corp DE boosted its position in shares of Modiv Industrial by 27.8% in the 1st quarter. Bank of America Corp DE now owns 21,079 shares of the company’s stock worth $302,000 after purchasing an additional 4,586 shares in the last quarter. Renaissance Technologies LLC grew its stake in Modiv Industrial by 14.7% during the 1st 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. Finally, Dimensional Fund Advisors LP grew its stake in Modiv Industrial by 17.8% during the 1st 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. Institutional investors own 8.21% of the company’s stock.

Modiv Industrial Price Performance

Modiv Industrial stock remained flat at $18.05 during midday trading on Tuesday. Modiv Industrial has a 12 month low of $13.80 and a 12 month high of $18.96. The firm has a 50 day moving average of $17.84 and a 200-day moving average of $16.60. The stock has a market cap of $186.35 million, a PE ratio of 50.14 and a beta of -0.07.

Modiv Industrial (NYSE:MDV) last announced its earnings results on Tuesday, August 11th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.42. The firm had revenue of $11.69 million during the quarter, compared to analysts’ expectations of $11.57 million. Modiv Industrial had a return on equity of 3.75% and a net margin of 16.35%. On average, research analysts expect that Modiv Industrial will post 1.39 EPS for the current fiscal year.

Modiv Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Monday, August 3rd. Modiv Industrial’s dividend payout ratio is 333.33%.

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.