Modiv Inc. (NYSE:MDV – Get Rating) declared a monthly dividend on Thursday, March 16th, Wall Street Journal reports. Investors of record on Friday, June 30th will be paid a dividend of 0.0958 per share on Tuesday, July 25th. This represents a $1.15 annualized dividend and a yield of 10.30%. The ex-dividend date is Thursday, June 29th.
Modiv Stock Down 0.2 %
Shares of MDV stock opened at $11.16 on Friday. The stock has a market cap of $84.26 million and a P/E ratio of -11.16. Modiv has a 52 week low of $9.61 and a 52 week high of $20.57. The company’s fifty day simple moving average is $12.05 and its two-hundred day simple moving average is $12.49.
Hedge Funds Weigh In On Modiv
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Modiv by 56.7% in the 3rd quarter. Vanguard Group Inc. now owns 307,385 shares of the company’s stock worth $4,488,000 after acquiring an additional 111,266 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Modiv by 365.9% during the third quarter. BlackRock Inc. now owns 80,380 shares of the company’s stock valued at $1,174,000 after purchasing an additional 63,129 shares in the last quarter. Millennium Management LLC bought a new position in shares of Modiv during the second quarter valued at approximately $298,000. UBS Group AG boosted its stake in shares of Modiv by 851.9% during the third quarter. UBS Group AG now owns 10,024 shares of the company’s stock valued at $146,000 after purchasing an additional 8,971 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Modiv by 1,706.6% during the third quarter. Tower Research Capital LLC TRC now owns 2,186 shares of the company’s stock valued at $32,000 after purchasing an additional 2,065 shares in the last quarter. 6.19% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Modiv Company Profile
Modiv Inc, (the Company) was incorporated on May 14, 2015 as a Maryland corporation. The Company was formed to primarily invest, directly or indirectly, in real estate owning entities which own single-tenant income-producing properties located in the United States, which are leased to creditworthy tenants under long-term net leases.
- Get a free copy of the StockNews.com research report on Modiv (MDV)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Modiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Modiv and related companies with MarketBeat.com's FREE daily email newsletter.