Modiv (NYSE:MDV – Get Rating) is scheduled to announce its earnings results before the market opens on Monday, May 15th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Modiv Trading Down 1.9 %
Modiv stock opened at $13.18 on Friday. Modiv has a twelve month low of $9.61 and a twelve month high of $19.25. The stock’s fifty day simple moving average is $11.22 and its 200-day simple moving average is $11.73. The firm has a market capitalization of $99.61 million, a P/E ratio of -13.18, a P/E/G ratio of 1.59 and a beta of -0.15.
Modiv Cuts Dividend
The company also recently announced a dividend, which will be paid on Thursday, May 25th. Investors of record on Friday, April 28th will be paid a dividend of $0.0958 per share. The ex-dividend date of this dividend is Thursday, April 27th. This represents a dividend yield of 11.13%. Modiv’s payout ratio is currently -115.00%.
Institutional Trading of Modiv
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. B. Riley lowered their target price on shares of Modiv from $19.00 to $17.00 in a research note on Wednesday, March 1st. EF Hutton Acquisition Co. I reaffirmed a “buy” rating and issued a $17.00 target price on shares of Modiv in a report on Friday, February 24th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $18.90.
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)
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