Modiv Industrial (NYSE:MDV) Receives “Neutral” Rating from Alliance Global Partners

Alliance Global Partners reaffirmed their neutral rating on shares of Modiv Industrial (NYSE:MDV) in a research report released on Thursday morning,Benzinga reports. They currently have a $19.00 target price on the stock, up from their prior target price of $18.00.

A number of other equities analysts have also recently issued reports on the company. Wall Street Zen upgraded Modiv Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Freedom Capital lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Cantor Fitzgerald lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.50.

Modiv Industrial Price Performance

Shares of Modiv Industrial stock traded up $0.07 during trading hours on Thursday, hitting $17.87. The company’s stock had a trading volume of 88,848 shares, compared to its average volume of 63,023. Modiv Industrial has a 12 month low of $13.80 and a 12 month high of $18.05. The company has a market capitalization of $184.42 million, a PE ratio of -57.65 and a beta of -0.14. The stock has a 50 day moving average of $15.26 and a 200 day moving average of $14.91.

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

Modiv Industrial Dividend Announcement

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

Institutional Trading of Modiv Industrial

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in Modiv Industrial by 3,913.3% during the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock worth $42,000 after buying an additional 2,935 shares during the period. 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 valued at $32,000 after purchasing an additional 1,914 shares during the last quarter. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 866 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Modiv Industrial by 17.8% in the first 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 purchased a new position in Modiv Industrial during the 1st quarter worth approximately $143,000. 8.21% of the stock is owned by institutional investors and hedge funds.

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.