Modiv Industrial, Inc. (NYSE:MDV) Receives Consensus Rating of “Hold” from Brokerages

Modiv Industrial, Inc. (NYSE:MDV) has received a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have covered the stock in the last year is $18.50.

A number of equities research analysts have issued reports 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. Freedom Capital lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Alliance Global Partners reaffirmed a “neutral” rating and set a $19.00 target price (up from $18.00) on shares of Modiv Industrial in a research note on Thursday, May 7th. Lucid Cap Mkts lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Cantor Fitzgerald lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th.

Modiv Industrial Stock Performance

MDV stock opened at $17.92 on Friday. Modiv Industrial has a 52 week low of $13.80 and a 52 week high of $18.05. The firm’s fifty day moving average is $15.51 and its 200 day moving average is $15.03. The firm has a market cap of $185.05 million, a P/E ratio of -43.72 and a beta of -0.14.

Modiv Industrial (NYSE:MDV) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.12). The company had revenue of $11.70 million during 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%. As a group, analysts forecast that Modiv Industrial will post 1.5 EPS for the current year.

Modiv Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. Modiv Industrial’s payout ratio is presently -292.68%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MDV. Wells Fargo & Company MN raised its holdings in Modiv Industrial by 46.3% in the fourth quarter. Wells Fargo & Company MN now owns 10,488 shares of the company’s stock worth $151,000 after buying an additional 3,317 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Modiv Industrial by 123.3% in the third quarter. JPMorgan Chase & Co. now owns 11,022 shares of the company’s stock worth $161,000 after buying an additional 6,087 shares during the last quarter. Rhumbline Advisers purchased a new position in Modiv Industrial in the second quarter worth about $215,000. State Street Corp raised its holdings in Modiv Industrial by 12.0% in the fourth quarter. State Street Corp now owns 120,787 shares of the company’s stock worth $1,750,000 after buying an additional 12,970 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Modiv Industrial by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 69,760 shares of the company’s stock worth $1,004,000 after buying an additional 1,637 shares during the last quarter. 8.21% of the stock is 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.