Modiv Industrial, Inc. (NYSE:MDV) Receives $18.50 Average PT from Analysts

Modiv Industrial, Inc. (NYSE:MDV) has received a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $18.50.

Several research firms have weighed in on MDV. Wall Street Zen downgraded 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 report on Tuesday, June 23rd. Alliance Global Partners restated a “neutral” rating and issued a $19.00 price objective (up from $18.00) on shares of Modiv Industrial in a research note on Thursday, May 7th. Freedom Capital cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Cantor Fitzgerald downgraded Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th.

Insider Activity at Modiv Industrial

In related news, CEO Aaron Scott Halfacre acquired 5,766 shares of the stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of $17.49 per share, with a total value of $100,847.34. Following the transaction, the chief executive officer directly owned 134,245 shares in the company, valued at approximately $2,347,945.05. This represents a 4.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Modiv Industrial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in Modiv Industrial during the 2nd quarter worth approximately $420,000. Militia Capital Management LLC bought a new position in shares of Modiv Industrial in the first quarter worth approximately $352,000. Bank of America Corp DE boosted its position in shares of Modiv Industrial by 27.8% in the first 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 during the period. Renaissance Technologies LLC increased its stake in shares of Modiv Industrial by 14.7% in the first quarter. Renaissance Technologies LLC now owns 75,700 shares of the company’s stock worth $1,084,000 after purchasing an additional 9,702 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Modiv Industrial by 17.8% in the first quarter. Dimensional Fund Advisors LP now owns 82,199 shares of the company’s stock worth $1,177,000 after purchasing an additional 12,439 shares in the last quarter. 8.21% of the stock is owned by hedge funds and other institutional investors.

Modiv Industrial Price Performance

NYSE MDV opened at $18.05 on Friday. Modiv Industrial has a 52 week low of $13.80 and a 52 week high of $18.96. The firm has a market capitalization of $186.35 million, a P/E ratio of 50.14 and a beta of -0.07. The company has a 50-day moving average price of $17.80 and a 200-day moving average price of $16.67.

Modiv Industrial (NYSE:MDV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.42. The firm had revenue of $11.69 million for the quarter, compared to analysts’ expectations of $11.57 million. Modiv Industrial had a net margin of 16.35% and a return on equity of 3.75%. As a group, equities research analysts anticipate that Modiv Industrial will post 1.39 EPS for the current year.

Modiv Industrial Dividend Announcement

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