Modiv Industrial (NYSE:MDV) Downgraded to “Hold” Rating by Cantor Fitzgerald

Cantor Fitzgerald cut shares of Modiv Industrial (NYSE:MDV) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised Modiv Industrial from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.00.

Modiv Industrial Trading Down 0.8%

Shares of MDV opened at $17.79 on Monday. Modiv Industrial has a twelve month low of $13.80 and a twelve month high of $18.05. The firm’s fifty day simple moving average is $15.17 and its 200-day simple moving average is $14.87. The firm has a market capitalization of $183.52 million, a price-to-earnings ratio of -57.37 and a beta of -0.14.

Modiv Industrial (NYSE:MDV) last posted its earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.33). The business had revenue of $11.07 million for the quarter, compared to analysts’ expectations of $11.38 million. Modiv Industrial had a return on equity of 0.52% and a net margin of 2.30%. On average, analysts predict that Modiv Industrial will post 1.5 earnings per share for the current fiscal year.

Modiv Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Tuesday, June 30th. Modiv Industrial’s payout ratio is currently -387.10%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Modiv Industrial during the 2nd quarter worth $72,000. JPMorgan Chase & Co. grew its position in shares of Modiv Industrial by 858.3% in the second 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. Bank of America Corp DE increased its stake in 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 valued at $42,000 after purchasing an additional 2,935 shares during the last quarter. Royal Bank of Canada increased 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 valued at $32,000 after purchasing an additional 1,914 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in 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. 8.21% of the stock is currently owned by hedge funds and other 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.