Modiv Industrial (NYSE:MDV) Releases Quarterly Earnings Results, Beats Expectations By $0.42 EPS

Modiv Industrial (NYSE:MDV) released its quarterly earnings results on Tuesday. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.03 by $0.42, FiscalAI reports. Modiv Industrial had a return on equity of 3.75% and a net margin of 16.35%.The firm had revenue of $11.69 million for the quarter, compared to analyst estimates of $11.57 million.

Modiv Industrial Stock Up 0.1%

NYSE:MDV opened at $18.07 on Thursday. The company has a market cap of $186.48 million, a PE ratio of 50.20 and a beta of -0.07. The business’s 50 day moving average is $17.86 and its two-hundred day moving average is $16.54. Modiv Industrial has a 52 week low of $13.80 and a 52 week high of $18.96.

Modiv Industrial Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Monday, August 3rd. Modiv Industrial’s dividend payout ratio (DPR) is currently -292.68%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MDV. Zacks Research upgraded shares of Modiv Industrial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Alliance Global Partners reaffirmed a “neutral” rating and set a $19.00 price target (up from $18.00) on shares of Modiv Industrial in a report on Thursday, May 7th. Freedom Capital lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Modiv Industrial in a research note on Wednesday, July 15th. Finally, Lucid Cap Mkts downgraded Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.50.

Insider Buying and Selling at Modiv Industrial

In other news, CEO Aaron Scott Halfacre purchased 3,586 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $17.34 per share, with a total value of $62,181.24. Following the transaction, the chief executive officer owned 137,830 shares in the company, valued at approximately $2,389,972.20. The trade was a 2.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Modiv Industrial

A number of hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of Modiv Industrial by 648.8% during the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock worth $32,000 after purchasing an additional 1,914 shares during the period. BNP Paribas Financial Markets raised its stake in Modiv Industrial by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock worth $32,000 after acquiring an additional 866 shares during the period. Bank of America Corp DE raised its stake in Modiv Industrial by 3,913.3% during the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock worth $42,000 after acquiring an additional 2,935 shares during the period. JPMorgan Chase & Co. lifted 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Modiv Industrial in the second quarter valued at approximately $72,000. 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.