Modiv Industrial (NYSE:MDV) CEO Acquires 3,586 Shares

Modiv Industrial, Inc. (NYSE:MDV) CEO Aaron Scott Halfacre purchased 3,586 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $17.34 per share, for a total transaction of $62,181.24. Following the acquisition, the chief executive officer directly owned 137,830 shares in the company, valued at approximately $2,389,972.20. The trade was a 2.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Aaron Scott Halfacre also recently made the following trade(s):

• On Friday, June 26th, Aaron Scott Halfacre bought 5,766 shares of Modiv Industrial stock. The stock was bought at an average price of $17.49 per share, with a total value of $100,847.34.

Modiv Industrial Stock Performance

MDV traded up $0.05 during trading on Wednesday, reaching $17.45. The stock had a trading volume of 50,795 shares, compared to its average volume of 65,383. The business has a 50-day moving average of $17.69 and a 200-day moving average of $15.85. Modiv Industrial, Inc. has a one year low of $13.80 and a one year high of $18.83. The stock has a market cap of $180.04 million, a PE ratio of -42.65 and a beta of -0.08.

Modiv Industrial (NYSE:MDV) last issued 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 firm had revenue of $11.70 million for the quarter, compared to the consensus estimate of $11.43 million. Modiv Industrial had a return on equity of 0.07% and a net margin of 0.33%. Equities research analysts forecast that Modiv Industrial, Inc. will post 1.39 EPS for the current fiscal year.

Modiv Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be given a $0.10 dividend. The ex-dividend date is Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.9%. Modiv Industrial’s payout ratio is presently -292.68%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Cantor Fitzgerald downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Freedom Capital lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Lucid Cap Mkts cut shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of Modiv Industrial from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Finally, Zacks Research upgraded shares of Modiv Industrial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MDV. BNP Paribas Financial Markets increased its stake in shares of Modiv Industrial by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 866 shares during the period. Royal Bank of Canada grew its holdings in Modiv Industrial by 648.8% in the 4th quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock worth $32,000 after acquiring an additional 1,914 shares during the last quarter. Bank of America Corp DE increased its position in shares of 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 period. JPMorgan Chase & Co. increased its position in shares of 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Modiv Industrial during the second quarter valued at about $72,000. Institutional investors own 8.21% of the company’s stock.

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.