Modiv Industrial (NYSE:MDV) CEO Buys $100,847.34 in Stock

Modiv Industrial, Inc. (NYSE:MDVGet Free Report) CEO Aaron Scott Halfacre acquired 5,766 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average cost of $17.49 per share, for a total transaction of $100,847.34. Following the completion of the transaction, the chief executive officer directly owned 134,245 shares in the company, valued at $2,347,945.05. This represents a 4.49% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Modiv Industrial Price Performance

MDV opened at $17.52 on Monday. The company has a market capitalization of $180.80 million, a price-to-earnings ratio of -42.73 and a beta of -0.09. The business’s 50-day moving average price is $17.62 and its two-hundred day moving average price is $15.81. Modiv Industrial, Inc. has a 1 year low of $13.80 and a 1 year high of $18.83.

Modiv Industrial (NYSE:MDVGet Free Report) last posted 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 firm had revenue of $11.70 million for the quarter, compared to analyst estimates of $11.43 million. Modiv Industrial had a return on equity of 0.07% and a net margin of 0.33%. Sell-side analysts anticipate that Modiv Industrial, Inc. will post 1.39 earnings per share for the current fiscal year.

Modiv Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be issued a $0.10 dividend. The ex-dividend date is Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. Modiv Industrial’s dividend payout ratio (DPR) is -292.68%.

Hedge Funds Weigh In On Modiv Industrial

Several large investors have recently modified their holdings of MDV. BNP Paribas Financial Markets grew its stake in Modiv Industrial by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock valued at $32,000 after buying an additional 866 shares during the last quarter. Royal Bank of Canada lifted its position in Modiv Industrial by 648.8% during the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock worth $32,000 after acquiring an additional 1,914 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of 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 acquiring an additional 2,935 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Modiv Industrial by 858.3% during the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock worth $69,000 after acquiring an additional 4,420 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Modiv Industrial in the second quarter valued at approximately $72,000. 8.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on MDV. Lucid Cap Mkts cut shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Cantor Fitzgerald cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Alliance Global Partners reissued a “neutral” rating and issued a $19.00 target price (up from $18.00) on shares of Modiv Industrial in a research note on Thursday, May 7th. Zacks Research raised shares of Modiv Industrial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Freedom Capital cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.50.

Check Out Our Latest Report on MDV

About Modiv Industrial

(Get Free Report)

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.

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