Modiv Industrial (NYSE:MDV) Trading Up 0.5%

Shares of Modiv Industrial, Inc. (NYSE:MDV) were up 0.5% during mid-day trading on Wednesday . The company traded as high as $15.25 and last traded at $15.18. Approximately 7,263 shares traded hands during trading, a decline of 73% from the average daily volume of 26,517 shares. The stock had previously closed at $15.10.

Modiv Industrial Price Performance

The business has a 50-day simple moving average of $15.40 and a 200-day simple moving average of $15.19. The firm has a market capitalization of $137.00 million, a PE ratio of -10.56, a P/E/G ratio of 2.21 and a beta of -0.31.

Modiv Industrial (NYSE:MDV) last issued its quarterly earnings data on Monday, March 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.35). Modiv Industrial had a negative net margin of 14.09% and a negative return on equity of 2.82%. The company had revenue of $12.29 million for the quarter, compared to analysts’ expectations of $12.53 million. During the same quarter last year, the company earned $0.68 earnings per share. On average, research analysts expect that Modiv Industrial, Inc. will post 1.38 earnings per share for the current year.

Modiv Industrial Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 30th will be issued a $0.0958 dividend. The ex-dividend date is Monday, April 29th. Modiv Industrial’s payout ratio is -80.99%.

Insider Transactions at Modiv Industrial

In other news, major shareholder First City Investment Group, L sold 3,654 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $17.02, for a total value of $62,191.08. Following the sale, the insider now directly owns 651,972 shares in the company, valued at $11,096,563.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have acquired 1,262 shares of company stock worth $18,620 and have sold 5,953 shares worth $101,438. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Modiv Industrial

An institutional investor recently raised its position in Modiv Industrial stock. State of New Jersey Common Pension Fund D boosted its position in shares of Modiv Industrial, Inc. (NYSE:MDV) by 17.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,000 shares of the company’s stock after purchasing an additional 6,935 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.61% of Modiv Industrial worth $768,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 8.21% of the company’s stock.

Modiv Industrial Company Profile

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.