Modiv (NYSE:MDV) Releases FY 2022 Earnings Guidance

Modiv (NYSE:MDVGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.26-$1.36 for the period. The company issued revenue guidance of -.

MDV stock traded up $1.11 during trading on Wednesday, reaching $17.79. 923 shares of the company traded hands, compared to its average volume of 35,262. Modiv has a 12 month low of $15.01 and a 12 month high of $89.99. The company’s 50 day moving average price is $17.69.

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 25th. Investors of record on Thursday, June 30th will be given a dividend of $0.0958 per share. This represents a $1.15 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date is Wednesday, June 29th.

Separately, B. Riley started coverage on Modiv in a research report on Wednesday, March 30th. They set a buy rating and a $24.00 price objective on the stock.

In other Modiv news, CEO Aaron Scott Halfacre purchased 8,048 shares of the stock in a transaction on Friday, March 25th. The stock was acquired at an average price of $17.65 per share, with a total value of $142,047.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders acquired 10,771 shares of company stock valued at $191,287.

Modiv Company Profile (Get Rating)

Modiv Inc, (the Company) was incorporated on May 14, 2015 as a Maryland corporation. The Company was formed to primarily invest, directly or indirectly, in real estate owning entities which own single-tenant income-producing properties located in the United States, which are leased to creditworthy tenants under long-term net leases.

Further Reading

Earnings History and Estimates for Modiv (NYSE:MDV)

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