Modiv Industrial (NYSE:MDV) CEO Aaron Scott Halfacre Buys 3,586 Shares

Modiv Industrial, Inc. (NYSE:MDV) CEO Aaron Scott Halfacre bought 3,586 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $17.34 per share, with a total value of $62,181.24. Following the purchase, the chief executive officer directly owned 137,830 shares in the company, valued at $2,389,972.20. The trade was a 2.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aaron Scott Halfacre also recently made the following trade(s):

• On Friday, June 26th, Aaron Scott Halfacre acquired 5,766 shares of Modiv Industrial stock. The shares were purchased at an average cost of $17.49 per share, for a total transaction of $100,847.34.

Modiv Industrial Stock Down 0.0%

Shares of Modiv Industrial stock opened at $17.39 on Thursday. The business’s fifty day moving average is $17.72 and its two-hundred day moving average is $15.87. Modiv Industrial, Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $18.83. The firm has a market cap of $179.50 million, a PE ratio of -42.42 and a beta of -0.07.

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

Modiv Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be given a $0.10 dividend. This represents a c) annualized dividend 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 -292.68%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Modiv Industrial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Militia Capital Management LLC acquired a new position in shares of Modiv Industrial during the first quarter valued at approximately $352,000. Bank of America Corp DE boosted its stake in Modiv Industrial by 27.8% during the 1st quarter. Bank of America Corp DE now owns 21,079 shares of the company’s stock valued at $302,000 after purchasing an additional 4,586 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Modiv Industrial by 14.7% during the first quarter. Renaissance Technologies LLC now owns 75,700 shares of the company’s stock valued at $1,084,000 after buying an additional 9,702 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Modiv Industrial by 17.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 82,199 shares of the company’s stock valued at $1,177,000 after purchasing an additional 12,439 shares in the last quarter. Finally, AlphaCentric Advisors LLC acquired a new position in Modiv Industrial in the first quarter worth approximately $143,000. 8.21% of the stock is currently owned by institutional investors.

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.