Modiv Industrial, Inc. (NYSE:MDV) Short Interest Up 47.9% in July

Modiv Industrial, Inc. (NYSE:MDV) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 152,633 shares, a growth of 47.9% from the July 15th total of 103,193 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 56,937 shares, the short-interest ratio is presently 2.7 days.

Modiv Industrial Stock Performance

Shares of MDV remained flat at $18.05 on Wednesday. The stock has a 50 day moving average price of $17.83 and a two-hundred day moving average price of $16.62. The firm has a market cap of $186.35 million, a PE ratio of 50.14 and a beta of -0.07. Modiv Industrial has a 12 month low of $13.80 and a 12 month high of $18.96.

Modiv Industrial (NYSE:MDV) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.42. Modiv Industrial had a net margin of 16.35% and a return on equity of 3.75%. The business had revenue of $11.69 million for the quarter, compared to the consensus estimate of $11.57 million. On average, equities research analysts predict that Modiv Industrial will post 1.39 EPS for the current year.

Modiv Industrial Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Monday, August 3rd. Modiv Industrial’s payout ratio is currently 333.33%.

Wall Street Analysts Forecast Growth

MDV has been the subject of a number of research analyst reports. Freedom Capital lowered Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Lucid Cap Mkts cut shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Modiv Industrial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Cantor Fitzgerald cut shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Alliance Global Partners reaffirmed a “neutral” rating and issued a $19.00 target price (up from $18.00) on shares of Modiv Industrial in a research report on Thursday, May 7th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.50.

Insider Buying and Selling at Modiv Industrial

In other news, CEO Aaron Scott Halfacre acquired 3,586 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $17.34 per share, for a total transaction of $62,181.24. Following the acquisition, the chief executive officer directly owned 137,830 shares in the company, valued at approximately $2,389,972.20. The trade was a 2.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Modiv Industrial by 648.8% in the 4th quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock worth $32,000 after acquiring an additional 1,914 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 in the last quarter. Bank of America Corp DE increased its stake in shares of Modiv Industrial by 3,913.3% in 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 in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Modiv Industrial during the 2nd quarter valued at $72,000. Institutional investors own 8.21% of the company’s stock.

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.