Modiv Industrial (NYSE:MDV) Raised to Hold at Zacks Research

Modiv Industrial (NYSE:MDV) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

MDV has been the subject of several other reports. Freedom Capital lowered Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Alliance Global Partners reissued a “neutral” rating and issued a $19.00 price target (up from $18.00) on shares of Modiv Industrial in a research note on Thursday, May 7th. Wall Street Zen downgraded Modiv Industrial from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. Lucid Cap Mkts lowered Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Cantor Fitzgerald 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 data from MarketBeat.com, Modiv Industrial presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Modiv Industrial Price Performance

NYSE:MDV opened at $17.90 on Tuesday. Modiv Industrial has a one year low of $13.80 and a one year high of $18.83. The company has a market cap of $184.73 million, a PE ratio of -43.66 and a beta of -0.08. The firm’s 50 day simple moving average is $17.54 and its 200 day simple moving average is $15.77.

Modiv Industrial (NYSE:MDV) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.12). The business had revenue of $11.70 million during the quarter, compared to analyst estimates of $11.43 million. Modiv Industrial had a net margin of 0.33% and a return on equity of 0.07%. Equities research analysts expect that Modiv Industrial will post 1.39 EPS for the current year.

Institutional Trading of Modiv Industrial

Large investors have recently modified their holdings of the stock. Barclays PLC raised its holdings in shares of Modiv Industrial by 36.8% during the fourth quarter. Barclays PLC now owns 18,088 shares of the company’s stock valued at $260,000 after purchasing an additional 4,863 shares during the period. Rhumbline Advisers bought a new stake in Modiv Industrial in the 2nd quarter valued at about $215,000. Wells Fargo & Company MN raised its stake in Modiv Industrial by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 10,488 shares of the company’s stock worth $151,000 after buying an additional 3,317 shares during the period. New York State Common Retirement Fund acquired a new position in Modiv Industrial during the 2nd quarter worth approximately $100,000. Finally, JPMorgan Chase & Co. boosted its holdings in Modiv Industrial by 858.3% in 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 in the last quarter. Institutional investors and hedge funds 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.