Modiv Industrial, Inc. (NYSE:MDV) Plans Monthly Dividend of $0.10

Modiv Industrial, Inc. (NYSE:MDV) declared a monthly dividend on Wednesday, June 10th. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.10 per share on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Monday, August 3rd.

Modiv Industrial has a payout ratio of 857.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Modiv Industrial to earn $1.52 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 78.9%.

Modiv Industrial Price Performance

NYSE:MDV traded down $0.08 on Thursday, reaching $18.35. 26,318 shares of the company’s stock were exchanged, compared to its average volume of 63,897. The firm has a market cap of $189.49 million, a price-to-earnings ratio of -44.77 and a beta of -0.09. Modiv Industrial has a 52 week low of $13.80 and a 52 week high of $18.83. The stock has a fifty day simple moving average of $16.92 and a 200-day simple moving average of $15.54.

Modiv Industrial (NYSE:MDV) last issued its earnings results on Friday, May 8th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts predict that Modiv Industrial will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in Modiv Industrial by 858.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after purchasing an additional 4,420 shares during the period. Bank of America Corp DE boosted its holdings in shares of Modiv Industrial by 3,913.3% during the 2nd quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock valued at $42,000 after buying an additional 2,935 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of 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 buying an additional 1,914 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Modiv Industrial by 65.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock valued at $32,000 after buying an additional 866 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Modiv Industrial by 17.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 82,199 shares of the company’s stock valued at $1,177,000 after buying an additional 12,439 shares in the last quarter. 8.21% of the stock is 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.