Aaron Scott Halfacre Buys 5,766 Shares of Modiv Industrial (NYSE:MDV) Stock

Modiv Industrial, Inc. (NYSE:MDV) CEO Aaron Scott Halfacre acquired 5,766 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of $17.49 per share, with a total value of $100,847.34. Following the acquisition, the chief executive officer owned 134,245 shares of the company’s stock, valued at $2,347,945.05. This trade represents a 4.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Modiv Industrial Stock Performance

Shares of NYSE:MDV opened at $17.41 on Wednesday. The stock has a market capitalization of $179.66 million, a price-to-earnings ratio of -42.46 and a beta of -0.08. Modiv Industrial, Inc. has a 1-year low of $13.80 and a 1-year high of $18.83. The company’s fifty day moving average is $17.69 and its two-hundred day moving average is $15.85.

Modiv Industrial (NYSE:MDV) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.12). Modiv Industrial had a net margin of 0.33% and a return on equity of 0.07%. The business had revenue of $11.70 million during the quarter, compared to analyst estimates of $11.43 million. Sell-side analysts expect that Modiv Industrial, Inc. will post 1.39 EPS for the current fiscal year.

Modiv Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Monday, August 3rd. Modiv Industrial’s payout ratio is presently -292.68%.

Institutional Investors Weigh In On Modiv Industrial

Several large investors have recently made changes to their positions in MDV. BNP Paribas Financial Markets boosted its position in shares of Modiv Industrial by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 866 shares during the period. Dimensional Fund Advisors LP increased its position in Modiv Industrial by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 69,760 shares of the company’s stock valued at $1,004,000 after acquiring an additional 1,637 shares during the period. Royal Bank of Canada increased its position in Modiv Industrial by 648.8% in 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. Bank of America Corp DE raised its stake in 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 acquiring an additional 2,935 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Modiv Industrial by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 10,488 shares of the company’s stock worth $151,000 after acquiring an additional 3,317 shares during the period. Institutional investors and hedge funds own 8.21% of the company’s stock.

Wall Street Analyst Weigh In

MDV has been the topic of a number of research reports. Alliance Global Partners reiterated a “neutral” rating and set a $19.00 price target (up from $18.00) on shares of Modiv Industrial in a research report on Thursday, May 7th. Freedom Capital downgraded Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen lowered Modiv Industrial from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. Zacks Research upgraded Modiv Industrial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Cantor Fitzgerald downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.50.

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.