Modiv Industrial, Inc. (NYSE:MDV) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Modiv Industrial, Inc. (NYSE:MDV) have earned an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $18.50.

A number of brokerages have issued reports on MDV. Zacks Research upgraded Modiv Industrial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings upgraded Modiv Industrial from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th.

Modiv Industrial Stock Performance

Shares of Modiv Industrial stock opened at $18.05 on Thursday. The firm has a market cap of $186.35 million, a PE ratio of 50.14 and a beta of -0.07. The stock has a 50 day moving average of $17.88 and a 200 day moving average of $16.96. Modiv Industrial has a 12 month low of $13.80 and a 12 month high of $18.96.

Modiv Industrial (NYSE:MDV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.42. The business had revenue of $11.69 million for 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%. As a group, equities research analysts forecast that Modiv Industrial will post 1.39 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Modiv Industrial

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in Modiv Industrial by 648.8% during the 4th quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock valued at $32,000 after acquiring an additional 1,914 shares during the period. BNP Paribas Financial Markets increased its stake in 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 purchasing an additional 866 shares during the period. California State Teachers Retirement System increased its stake in Modiv Industrial by 360.9% in the second quarter. California State Teachers Retirement System now owns 2,332 shares of the company’s stock worth $41,000 after purchasing an additional 1,826 shares during the period. Bank of America Corp DE lifted its position in shares of Modiv Industrial by 3,913.3% during the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock worth $42,000 after purchasing an additional 2,935 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Modiv Industrial by 858.3% during the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock worth $69,000 after purchasing an additional 4,420 shares during the last quarter. 8.21% of the stock is currently owned by hedge funds and other institutional investors.

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.