Modiv Industrial (NYSE:MDV) Announces Quarterly Earnings Results

Modiv Industrial (NYSE:MDV) issued its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.33), FiscalAI reports. Modiv Industrial had a net margin of 3.00% and a return on equity of 0.67%. The business had revenue of $11.07 million during the quarter, compared to analyst estimates of $11.38 million.

Modiv Industrial Price Performance

NYSE:MDV traded up $0.02 during trading hours on Wednesday, reaching $14.26. 48,586 shares of the company were exchanged, compared to its average volume of 48,027. The firm has a market cap of $146.44 million, a price-to-earnings ratio of -54.84 and a beta of -0.31. Modiv Industrial has a 52-week low of $13.62 and a 52-week high of $17.15. The stock has a 50 day simple moving average of $14.98 and a 200 day simple moving average of $14.73.

Modiv Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.4%. Modiv Industrial’s dividend payout ratio is -461.54%.

Institutional Trading of Modiv Industrial

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Modiv Industrial by 130.1% in the 2nd quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock worth $3,160,000 after buying an additional 126,850 shares during the period. Meixler Investment Management Ltd. acquired a new position in Modiv Industrial in the fourth quarter valued at $1,023,000. Two Sigma Investments LP purchased a new stake in Modiv Industrial during the third quarter valued at about $824,000. Jane Street Group LLC grew its position in Modiv Industrial by 129.2% during the first quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock valued at $730,000 after acquiring an additional 25,645 shares during the period. Finally, Rothschild Wealth LLC acquired a new stake in Modiv Industrial during the fourth quarter worth about $331,000. 8.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MDV. Weiss Ratings raised Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Cantor Fitzgerald started coverage on Modiv Industrial in a research report on Wednesday, February 4th. They set an “overweight” rating and a $18.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $18.00.

Modiv Industrial Company Profile

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.