Modiv Industrial, Inc. (NYSE:MDV) Given Consensus Recommendation of “Hold” by Analysts

Modiv Industrial, Inc. (NYSE:MDV) has been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $18.50.

MDV has been the subject of several research analyst reports. Zacks Research raised shares of Modiv Industrial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Cantor Fitzgerald lowered Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Lucid Cap Mkts cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Alliance Global Partners reissued a “neutral” rating and issued a $19.00 target price (up from $18.00) on shares of Modiv Industrial in a report on Thursday, May 7th. Finally, Freedom Capital cut shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th.

Insider Buying and Selling at Modiv Industrial

In other Modiv Industrial news, CEO Aaron Scott Halfacre purchased 3,586 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of $17.34 per share, with a total value of $62,181.24. Following the acquisition, the chief executive officer 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Modiv Industrial

Several institutional investors have recently modified their holdings of the stock. 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 valued at $32,000 after buying an additional 866 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Modiv Industrial by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 69,760 shares of the company’s stock valued at $1,004,000 after purchasing an additional 1,637 shares during the period. Royal Bank of Canada grew its stake in Modiv Industrial by 648.8% in the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock worth $32,000 after purchasing an additional 1,914 shares in the last quarter. Bank of America Corp DE increased its holdings 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 worth $42,000 after purchasing an additional 2,935 shares during the period. Finally, Wells Fargo & Company MN raised 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 valued at $151,000 after purchasing an additional 3,317 shares in the last quarter. 8.21% of the stock is owned by institutional investors.

Modiv Industrial Price Performance

MDV opened at $17.39 on Friday. The firm has a market cap of $179.50 million, a P/E ratio of -42.42 and a beta of -0.07. Modiv Industrial has a 1-year low of $13.80 and a 1-year high of $18.83. The company has a 50 day simple moving average of $17.72 and a two-hundred day simple moving average of $15.87.

Modiv Industrial (NYSE:MDV) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.12). The firm had revenue of $11.70 million for the quarter, compared to the consensus estimate of $11.43 million. Modiv Industrial had a net margin of 0.33% and a return on equity of 0.07%. Equities analysts anticipate that Modiv Industrial will post 1.39 earnings per share for the current year.

Modiv Industrial Announces Dividend

The firm also recently disclosed 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 dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, August 3rd. Modiv Industrial’s dividend payout ratio (DPR) is presently -292.68%.

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.