Modiv’s (NYSE:MDV – Get Rating) lock-up period is set to end on Wednesday, August 10th. Modiv had issued 40,000 shares in its public offering on February 11th. The total size of the offering was $1,000,000 based on an initial share price of $25.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.
Analyst Ratings Changes
Several equities research analysts recently commented on MDV shares. Colliers International Group started coverage on shares of Modiv in a research report on Monday, June 6th. They issued a “buy” rating on the stock. Colliers Securities started coverage on shares of Modiv in a research report on Monday, June 6th. They issued a “buy” rating and a $22.00 price objective on the stock.
Modiv Price Performance
MDV opened at $15.44 on Wednesday. The business’s 50 day simple moving average is $16.26. Modiv has a 1 year low of $14.31 and a 1 year high of $89.99.
Modiv Dividend Announcement
Modiv Company Profile
Modiv Inc, (the Company) was incorporated on May 14, 2015 as a Maryland corporation. The Company was formed to primarily invest, directly or indirectly, in real estate owning entities which own single-tenant income-producing properties located in the United States, which are leased to creditworthy tenants under long-term net leases.
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