Modiv Industrial (NYSE:MDV) Given Overweight Rating at Cantor Fitzgerald

Modiv Industrial (NYSE:MDV)‘s stock had its “overweight” rating reissued by investment analysts at Cantor Fitzgerald in a report issued on Tuesday,Benzinga reports. They currently have a $18.00 price target on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 19.93% from the company’s current price.

MDV has been the topic of several other research reports. Weiss Ratings raised shares of Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Wall Street Zen cut shares of Modiv Industrial from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $18.00.

Modiv Industrial Price Performance

NYSE:MDV opened at $15.01 on Tuesday. The company has a market cap of $154.89 million, a P/E ratio of -48.42 and a beta of -0.25. The stock’s fifty day moving average price is $14.90 and its two-hundred day moving average price is $14.71. Modiv Industrial has a 1 year low of $13.62 and a 1 year high of $17.15.

Modiv Industrial (NYSE:MDV) last posted its earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.33). The company had revenue of $11.07 million for the quarter, compared to analysts’ expectations of $11.38 million. Modiv Industrial had a return on equity of 0.52% and a net margin of 2.30%. On average, analysts expect that Modiv Industrial will post 1.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MDV. Royal Bank of Canada increased its stake in Modiv Industrial by 648.8% in the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock valued at $32,000 after acquiring an additional 1,914 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Modiv Industrial by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock valued at $32,000 after acquiring an additional 866 shares during the last quarter. Bank of America Corp DE increased its stake in Modiv Industrial by 3,913.3% in the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock valued at $42,000 after acquiring an additional 2,935 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Modiv Industrial by 858.3% in the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after acquiring an additional 4,420 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Modiv Industrial in the second quarter valued at $72,000. Institutional investors own 8.21% of the company’s stock.

About Modiv Industrial

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.