MDV has been the subject of a number of other reports. Janney Montgomery Scott initiated coverage on shares of Modiv in a research note on Friday, September 30th. They set a buy rating and a $20.00 price objective for the company. EF Hutton Acquisition Co. I dropped their price objective on shares of Modiv from $21.00 to $17.00 and set a buy rating for the company in a research note on Tuesday, November 15th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Modiv in a research note on Friday, November 11th. They set a buy rating and a $18.50 price objective for the company. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Modiv currently has an average rating of Buy and an average price target of $19.30.
Modiv Trading Up 0.7 %
MDV stock opened at $12.17 on Monday. The firm has a 50 day moving average of $12.07 and a 200-day moving average of $14.73. Modiv has a 12-month low of $9.61 and a 12-month high of $89.99.
Modiv Dividend Announcement
Institutional Trading of Modiv
Several hedge funds and other institutional investors have recently bought and sold shares of MDV. Vanguard Group Inc. grew its stake in Modiv by 56.7% in the 3rd quarter. Vanguard Group Inc. now owns 307,385 shares of the company’s stock worth $4,488,000 after acquiring an additional 111,266 shares during the period. BlackRock Inc. grew its stake in Modiv by 365.9% in the 3rd quarter. BlackRock Inc. now owns 80,380 shares of the company’s stock worth $1,174,000 after acquiring an additional 63,129 shares during the period. Millennium Management LLC purchased a new stake in Modiv in the 2nd quarter worth approximately $298,000. Laurel Wealth Advisors Inc. acquired a new position in shares of Modiv in the 2nd quarter valued at $216,000. Finally, UBS Group AG boosted its holdings in shares of Modiv by 851.9% in the 3rd quarter. UBS Group AG now owns 10,024 shares of the company’s stock valued at $146,000 after purchasing an additional 8,971 shares during the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.
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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