Modiv Industrial, Inc. (NYSE:MDV – Get Free Report) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.50.
Several analysts have recently weighed in on MDV shares. Zacks Research upgraded Modiv Industrial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings upgraded shares of Modiv Industrial from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th.
View Our Latest Report on Modiv Industrial
Insider Transactions at Modiv Industrial
Institutional Trading of Modiv Industrial
A number of large investors have recently modified their holdings of MDV. Bank of New York Mellon Corp bought a new stake in shares of Modiv Industrial in the second quarter valued at about $420,000. Militia Capital Management LLC purchased a new stake in Modiv Industrial in the first quarter worth about $352,000. Bank of America Corp DE grew its holdings in Modiv Industrial by 27.8% during the 1st quarter. Bank of America Corp DE now owns 21,079 shares of the company’s stock worth $302,000 after acquiring an additional 4,586 shares in the last quarter. Renaissance Technologies LLC increased its position in Modiv Industrial by 14.7% during the 1st quarter. Renaissance Technologies LLC now owns 75,700 shares of the company’s stock valued at $1,084,000 after purchasing an additional 9,702 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Modiv Industrial by 17.8% during the 1st 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 during the period. Hedge funds and other institutional investors own 8.21% of the company’s stock.
Modiv Industrial Stock Performance
MDV opened at $18.05 on Thursday. The stock’s 50 day moving average price is $17.92 and its 200-day moving average price is $17.05. Modiv Industrial has a one year low of $13.80 and a one year high of $18.96. The stock has a market cap of $186.35 million, a price-to-earnings ratio of 50.14 and a beta of -0.07.
Modiv Industrial (NYSE:MDV – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.42. The firm had revenue of $11.69 million during the quarter, compared to analyst estimates of $11.57 million. Modiv Industrial had a return on equity of 3.75% and a net margin of 16.35%. As a group, analysts predict that Modiv Industrial will post 1.39 earnings per share for the current fiscal year.
Modiv Industrial Company Profile
Modiv Industrial, Inc (NYSE:MDV) is a real estate investment trust focused on owning and managing industrial properties in the United States. The company primarily targets single-tenant, net-leased facilities, under which tenants generally remain responsible for property-level expenses such as maintenance, insurance and taxes.
Its portfolio is designed to serve businesses involved in manufacturing, distribution, logistics and other industrial activities. Modiv Industrial seeks to acquire properties that support essential business operations and generate rental income through long-term leases.
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