Modiv Industrial (NYSE:MDV) Stock Rating Lowered by Freedom Capital

Modiv Industrial (NYSE:MDV) was downgraded by Freedom Capital from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Weiss Ratings raised shares of Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Wall Street Zen raised shares of Modiv Industrial from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Cantor Fitzgerald cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Modiv Industrial presently has an average rating of “Hold” and a consensus target price of $18.00.

Modiv Industrial Trading Down 0.8%

Shares of MDV stock opened at $17.79 on Monday. The company has a market capitalization of $183.52 million, a P/E ratio of -57.37 and a beta of -0.14. The business’s 50 day moving average is $15.17 and its two-hundred day moving average is $14.87. Modiv Industrial has a 12-month low of $13.80 and a 12-month high of $18.05.

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

Institutional Investors Weigh In On Modiv Industrial

A number of hedge funds have recently modified their holdings of MDV. BNP Paribas Financial Markets lifted 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 buying an additional 866 shares in the last quarter. Royal Bank of Canada grew its stake in Modiv Industrial by 648.8% during 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 in the last quarter. Bank of America Corp DE raised its holdings in Modiv Industrial by 3,913.3% in 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 during the last quarter. JPMorgan Chase & Co. raised its holdings in Modiv Industrial by 858.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after acquiring an additional 4,420 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Modiv Industrial in the 2nd quarter worth approximately $72,000. 8.21% of the stock is currently owned by institutional investors and hedge funds.

Modiv Industrial Company Profile

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.